Lightspeed Commerce Inc. (NYSE:LSPD) Stock Rated “Hold” by Sell-Side Analysts

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have received an average recommendation of “Hold” from the sixteen brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $11.27.

Several research firms recently commented on LSPD. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Thursday, October 15th. Truist Financial upped their price target on shares of Lightspeed Commerce from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Lightspeed Commerce from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Friday, November 6th. Morgan Stanley dropped their price target on Lightspeed Commerce from $11.50 to $9.50 and set an “equal weight” rating on the stock in a research note on Monday, September 28th. Finally, Royal Bank Of Canada lifted their price objective on Lightspeed Commerce from $10.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, August 31st.

Lightspeed Commerce Stock Performance

NYSE:LSPD opened at $10.21 on Friday. The business’s 50-day moving average price is $10.34 and its two-hundred day moving average price is $9.83. The stock has a market cap of $1.32 billion, a P/E ratio of -20.85, a PEG ratio of 1.51 and a beta of 1.85. Lightspeed Commerce has a twelve month low of $7.83 and a twelve month high of $13.34. The company has a quick ratio of 3.63, a current ratio of 3.76 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Lightspeed Commerce had a negative net margin of 5.51% and a positive return on equity of 1.30%. The company had revenue of $323.79 million during the quarter, compared to the consensus estimate of $321.09 million. During the same period in the previous year, the firm posted $0.16 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts predict that Lightspeed Commerce will post 0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Pale Fire Capital SE purchased a new position in shares of Lightspeed Commerce in the first quarter worth $49,500,000. Royal Bank of Canada grew its position in shares of Lightspeed Commerce by 64.4% during the first quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock valued at $19,950,000 after purchasing an additional 872,131 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Lightspeed Commerce by 1,221.5% during the first quarter. Renaissance Technologies LLC now owns 406,783 shares of the company’s stock valued at $3,645,000 after purchasing an additional 376,000 shares in the last quarter. Louisbourg Investments Inc. increased its holdings in shares of Lightspeed Commerce by 17.0% in the third quarter. Louisbourg Investments Inc. now owns 676,164 shares of the company’s stock worth $6,624,000 after purchasing an additional 98,184 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Lightspeed Commerce in the second quarter worth about $540,000. 68.68% of the stock is owned by hedge funds and other institutional investors.

About Lightspeed Commerce

Lightspeed Commerce is a Montreal-based technology company that provides cloud-based commerce software to retail, restaurant and golf businesses. Founded in 2005 by Dax Dasilva, the company initially focused on point-of-sale tools for retailers and has since broadened its platform and customer base. Its products combine point-of-sale systems with tools for payments, inventory and order management, e-commerce, customer engagement and business analytics. Lightspeed also offers software designed for restaurant operations and golf course management.