Lightspeed Commerce Inc. (NYSE:LSPD) Receives $13.70 Average Target Price from Brokerages

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have been assigned an average rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $13.40.

A number of research firms recently weighed in on LSPD. Royal Bank Of Canada reduced their price objective on Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Barclays reduced 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Tuesday. BTIG Research reduced their price objective on Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, Truist Financial reduced their price objective on Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, February 11th.

Lightspeed Commerce Trading Down 4.9%

LSPD opened at $9.45 on Tuesday. The stock has a market cap of $1.30 billion, a PE ratio of -2.04, a PEG ratio of 1.90 and a beta of 2.05. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $9.12 and a 200-day moving average of $10.72. Lightspeed Commerce has a 52 week low of $8.36 and a 52 week high of $14.34.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Lightspeed Commerce had a positive return on equity of 0.37% and a negative net margin of 58.15%.The company had revenue of $312.35 million during the quarter, compared to analyst estimates of $311.28 million. During the same quarter last year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities research analysts predict that Lightspeed Commerce will post 0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSPD. Invesco Ltd. increased its holdings in shares of Lightspeed Commerce by 2.9% in the 2nd quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock worth $346,000 after purchasing an additional 835 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Lightspeed Commerce by 4.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 25,118 shares of the company’s stock worth $303,000 after purchasing an additional 1,148 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Lightspeed Commerce by 15.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,902 shares of the company’s stock worth $198,000 after purchasing an additional 2,314 shares in the last quarter. Swiss National Bank increased its holdings in shares of Lightspeed Commerce by 1.6% in the 4th quarter. Swiss National Bank now owns 246,200 shares of the company’s stock worth $2,977,000 after purchasing an additional 3,900 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Lightspeed Commerce by 10.1% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 47,580 shares of the company’s stock worth $554,000 after purchasing an additional 4,349 shares in the last quarter. Institutional investors own 68.68% of the company’s stock.

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.