Lightspeed Commerce Inc. (NYSE:LSPD) Receives $11.32 Average PT from Analysts

Lightspeed Commerce Inc. (NYSE:LSPD) has earned an average rating of “Hold” from the sixteen research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $11.3214.

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of Lightspeed Commerce from $13.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. JPMorgan Chase & Co. boosted their target price on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, July 31st. BTIG Research decreased their target price on shares of Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. UBS Group lowered their price target on shares of Lightspeed Commerce from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, May 22nd. Finally, BMO Capital Markets dropped their price target on Lightspeed Commerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Monday, May 25th.

Lightspeed Commerce Stock Down 1.6%

Shares of LSPD stock opened at $10.62 on Monday. Lightspeed Commerce has a 12 month low of $7.83 and a 12 month high of $13.72. The stock has a market cap of $1.46 billion, a P/E ratio of -15.17, a P/E/G ratio of 1.15 and a beta of 1.88. The company has a current ratio of 3.55, a quick ratio of 3.45 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $10.32 and a two-hundred day simple moving average of $9.58.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The company had revenue of $322.70 million during the quarter, compared to analyst estimates of $310.58 million. During the same period in the prior year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts expect that Lightspeed Commerce will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Pale Fire Capital SE bought a new stake in shares of Lightspeed Commerce during the first quarter valued at approximately $49,500,000. Bank of America Corp DE grew its stake in Lightspeed Commerce by 846.0% in the second quarter. Bank of America Corp DE now owns 1,873,942 shares of the company’s stock worth $21,944,000 after purchasing an additional 1,675,853 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Lightspeed Commerce by 151.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock worth $18,803,000 after purchasing an additional 1,295,469 shares in the last quarter. Royal Bank of Canada increased its holdings in Lightspeed Commerce by 64.4% during the 1st quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock worth $19,950,000 after purchasing an additional 872,131 shares during the period. Finally, Artisan Partners Limited Partnership increased its holdings in Lightspeed Commerce by 17.5% during the 4th quarter. Artisan Partners Limited Partnership now owns 3,900,930 shares of the company’s stock worth $47,066,000 after purchasing an additional 581,900 shares during the period. 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.