Lightspeed Commerce Inc. (NYSE:LSPD) Receives $18.78 Average Target Price from Analysts

Shares of Lightspeed Commerce Inc. (NYSE:LSPDGet Free Report) have been assigned an average rating of “Hold” from the nineteen research firms that are covering the stock, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $18.78.

Several equities analysts have commented on the company. BMO Capital Markets upped their price objective on Lightspeed Commerce from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. UBS Group upped their price objective on Lightspeed Commerce from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Cibc World Mkts raised Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. Bank of America upped their price objective on Lightspeed Commerce from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Finally, Scotiabank upped their price objective on Lightspeed Commerce from $20.00 to $21.00 and gave the company a “sector outperform” rating in a research report on Friday, May 17th.

Read Our Latest Research Report on Lightspeed Commerce

Lightspeed Commerce Stock Down 5.5 %

LSPD opened at $13.60 on Friday. The company has a quick ratio of 6.23, a current ratio of 6.34 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 52 week low of $12.23 and a 52 week high of $21.71. The firm has a 50-day simple moving average of $14.04 and a two-hundred day simple moving average of $15.54. The company has a market capitalization of $2.08 billion, a PE ratio of -12.71 and a beta of 2.35.

Lightspeed Commerce (NYSE:LSPDGet Free Report) last announced its quarterly earnings results on Thursday, May 16th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.16. Lightspeed Commerce had a negative net margin of 18.03% and a negative return on equity of 2.02%. The firm had revenue of $230.22 million during the quarter, compared to the consensus estimate of $224.08 million. Analysts forecast that Lightspeed Commerce will post -0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lightspeed Commerce

Hedge funds have recently bought and sold shares of the business. Dixon Mitchell Investment Counsel Inc. purchased a new position in Lightspeed Commerce during the first quarter worth approximately $35,000. Conestoga Capital Advisors LLC purchased a new position in Lightspeed Commerce during the first quarter worth approximately $141,000. Duality Advisers LP purchased a new position in Lightspeed Commerce during the fourth quarter worth approximately $276,000. New York State Common Retirement Fund boosted its position in Lightspeed Commerce by 13.9% during the third quarter. New York State Common Retirement Fund now owns 20,350 shares of the company’s stock worth $286,000 after purchasing an additional 2,482 shares in the last quarter. Finally, Addenda Capital Inc. boosted its position in Lightspeed Commerce by 5.3% during the first quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock worth $560,000 after purchasing an additional 1,990 shares in the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

About Lightspeed Commerce

(Get Free Report

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.

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