Lightspeed Commerce Inc. (NYSE:LSPD) Receives $13.08 Average Target Price from Brokerages

Lightspeed Commerce Inc. (NYSE:LSPD) has been assigned a consensus recommendation of “Hold” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $13.2727.

A number of brokerages have recently issued reports on LSPD. Truist Financial dropped their price target on Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, February 11th. TD Securities raised shares of Lightspeed Commerce to a “hold” rating in a research note on Thursday, January 15th. Royal Bank Of Canada dropped their target price on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Barclays cut their price target on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, January 12th. Finally, BTIG Research decreased their price target on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 5th.

Lightspeed Commerce Trading Down 0.1%

Shares of LSPD stock opened at $8.54 on Friday. The company has a market capitalization of $1.17 billion, a PE ratio of -1.85, a price-to-earnings-growth ratio of 10.05 and a beta of 2.09. Lightspeed Commerce has a 52-week low of $7.34 and a 52-week high of $14.34. The business’s fifty day moving average is $9.62 and its 200 day moving average is $11.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.44 and a current ratio of 4.52.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, February 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. The business had revenue of $312.35 million during the quarter, compared to analysts’ expectations of $311.28 million. Lightspeed Commerce had a positive return on equity of 0.37% and a negative net margin of 58.15%.The firm’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 earnings per share. On average, equities research analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Lightspeed Commerce by 151.8% during 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 during the last quarter. Geode Capital Management LLC increased its position in shares of Lightspeed Commerce by 8.1% during the 2nd quarter. Geode Capital Management LLC now owns 78,301 shares of the company’s stock valued at $922,000 after purchasing an additional 5,834 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Lightspeed Commerce during the 2nd quarter valued at about $156,000. Legal & General Group Plc raised its holdings in shares of Lightspeed Commerce by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 160,176 shares of the company’s stock valued at $1,876,000 after buying an additional 11,961 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Lightspeed Commerce by 106.4% during the 2nd 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 in the last quarter. Hedge funds and other 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.