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

Lightspeed Commerce Inc. (NYSE:LSPD) has been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.3214.

Several brokerages have commented on LSPD. Truist Financial lowered their price objective on shares of Lightspeed Commerce from $11.00 to $10.00 and set a “hold” rating for the company in a report on Thursday, May 28th. 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 report on Friday, May 22nd. UBS Group reduced their price target on Lightspeed Commerce from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Stifel Nicolaus decreased their price objective on Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating for the company in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Lightspeed Commerce from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, July 31st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Plato Investment Management Ltd lifted its holdings in shares of Lightspeed Commerce by 880.0% during the fourth quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock valued at $64,000 after purchasing an additional 4,752 shares during the last quarter. Headlands Technologies LLC bought a new position in Lightspeed Commerce during the 2nd quarter valued at approximately $92,000. Amundi purchased a new position in Lightspeed Commerce during the first quarter valued at $121,000. 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 valued at $122,000 after buying an additional 5,354 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in Lightspeed Commerce in the fourth quarter worth $125,000. 68.68% of the stock is owned by hedge funds and other institutional investors.

Lightspeed Commerce Price Performance

Shares of Lightspeed Commerce stock opened at $10.38 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.55 and a quick ratio of 4.18. Lightspeed Commerce has a one year low of $7.83 and a one year high of $13.72. The stock has a market capitalization of $1.43 billion, a P/E ratio of -14.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.88. The business’s 50 day simple moving average is $9.98 and its two-hundred day simple moving average is $9.61.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $322.70 million for the quarter, compared to analysts’ expectations of $310.58 million. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 earnings per share. Analysts forecast that Lightspeed Commerce will post 0.31 EPS for the current 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.