Lightspeed Commerce Inc. (NYSE:LSPD) Receives $11.27 Average Price Target from Analysts

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

Several equities research analysts recently commented on the stock. Barclays cut their price objective on shares of Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Morgan Stanley dropped their price target on Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating on the stock in a research note on Friday, May 22nd. Bank of America assumed coverage on Lightspeed Commerce in a research report on Tuesday, May 19th. They set an “underperform” rating and a $10.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Tuesday, April 21st. Finally, BTIG Research cut their target price on Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st.

Institutional Trading of Lightspeed Commerce

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. grew its holdings in Lightspeed Commerce by 2.9% during the second quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock worth $346,000 after purchasing an additional 835 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of Lightspeed Commerce by 4.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 25,118 shares of the company’s stock valued at $303,000 after buying an additional 1,148 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Lightspeed Commerce by 15.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,902 shares of the company’s stock valued at $198,000 after buying an additional 2,314 shares during the last quarter. Swiss National Bank boosted its stake in shares of Lightspeed Commerce by 1.6% during the 4th quarter. Swiss National Bank now owns 246,200 shares of the company’s stock worth $2,977,000 after acquiring an additional 3,900 shares during the period. Finally, Plato Investment Management Ltd boosted its stake in shares of Lightspeed Commerce by 880.0% during the 4th 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. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Performance

Shares of NYSE:LSPD opened at $10.60 on Friday. The company has a current ratio of 4.28, a quick ratio of 4.18 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 1-year low of $7.83 and a 1-year high of $14.34. The stock has a market capitalization of $1.46 billion, a P/E ratio of -10.29, a P/E/G ratio of 2.00 and a beta of 1.88. The business has a 50-day moving average price of $9.48 and a two-hundred day moving average price of $9.88.

Lightspeed Commerce (NYSE:LSPD) last posted 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 company had revenue of $290.80 million during the quarter, compared to the consensus estimate of $282.87 million. Lightspeed Commerce had a positive return on equity of 0.32% and a negative net margin of 11.77%.The business’s quarterly revenue was up 14.8% on a year-over-year basis. Equities analysts predict that Lightspeed Commerce will post 0.3 earnings per share for the current year.

About Lightspeed Commerce

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.