Lightspeed Commerce Inc. (NYSE:LSPD) Given Consensus Rating of “Hold” by Brokerages

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have received an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $11.2692.

Several equities analysts have recently issued reports on LSPD shares. Bank of America started coverage on shares of Lightspeed Commerce in a research note on Tuesday, May 19th. They set an “underperform” rating and a $10.00 price target for the company. Benchmark reduced their price target on Lightspeed Commerce from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Morgan Stanley reduced their price target on Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating on the stock in a research report on Friday, May 22nd. Barclays lowered their price objective on Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Finally, National Bank Financial cut their price objective on Lightspeed Commerce from $15.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th.

Hedge Funds Weigh In On Lightspeed Commerce

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Plato Investment Management Ltd lifted its stake in shares of Lightspeed Commerce by 880.0% in the fourth quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock worth $64,000 after acquiring an additional 4,752 shares during the period. Headlands Technologies LLC acquired a new position in shares of Lightspeed Commerce in the second quarter worth approximately $92,000. Aigen Investment Management LP bought a new position in Lightspeed Commerce during the fourth quarter worth $125,000. Russell Investments Group Ltd. raised its stake in Lightspeed Commerce by 106.4% during the second quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock worth $122,000 after buying an additional 5,354 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Lightspeed Commerce during the fourth quarter worth $132,000. 68.68% of the stock is owned by institutional investors and hedge funds.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock opened at $9.54 on Wednesday. Lightspeed Commerce has a fifty-two week low of $7.83 and a fifty-two week high of $14.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.28 and a quick ratio of 4.18. The firm has a market capitalization of $1.31 billion, a P/E ratio of -9.26, a P/E/G ratio of 1.80 and a beta of 1.92. The company’s 50 day moving average price is $9.17 and its two-hundred day moving average price is $10.10.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, May 21st. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $290.80 million for the quarter, compared to the consensus estimate of $282.87 million. Lightspeed Commerce had a negative net margin of 11.77% and a positive return on equity of 0.32%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts forecast that Lightspeed Commerce will post 0.3 earnings per share for the current fiscal year.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.