Lightspeed Commerce Inc. (NYSE:LSPD) Receives $11.27 Consensus PT from Analysts

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have received an average recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $11.2692.

Several research firms recently commented on LSPD. UBS Group dropped their target price on Lightspeed Commerce from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. BMO Capital Markets decreased their price target on Lightspeed Commerce from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Monday, May 25th. Stifel Nicolaus dropped their price objective on Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, May 22nd. BTIG Research lowered their price target on Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Morgan Stanley cut their price target on shares of Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating on the stock in a research note on Friday, May 22nd.

Lightspeed Commerce Stock Up 0.2%

Lightspeed Commerce stock traded up $0.02 during trading on Wednesday, reaching $9.62. The stock had a trading volume of 39,447 shares, compared to its average volume of 1,033,802. The company has a quick ratio of 4.18, a current ratio of 4.28 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 52-week low of $7.83 and a 52-week high of $14.34. The stock has a market cap of $1.32 billion, a PE ratio of -9.32, a P/E/G ratio of 1.83 and a beta of 1.92. The business has a 50 day moving average price of $9.24 and a 200 day moving average price of $10.05.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $290.80 million during the quarter, compared to analysts’ expectations of $282.87 million. Lightspeed Commerce had a negative net margin of 11.77% and a positive return on equity of 0.32%. Lightspeed Commerce’s revenue was up 14.8% on a year-over-year basis. On average, analysts predict that Lightspeed Commerce will post 0.3 EPS for the current year.

Institutional Trading of Lightspeed Commerce

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of Lightspeed Commerce by 2.9% in the 2nd quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock valued at $346,000 after purchasing an additional 835 shares during the period. Pictet Asset Management Holding SA increased its position in Lightspeed Commerce by 4.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,118 shares of the company’s stock worth $303,000 after buying an additional 1,148 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Lightspeed Commerce by 15.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,902 shares of the company’s stock valued at $198,000 after buying an additional 2,314 shares during the last quarter. Swiss National Bank lifted its stake in Lightspeed Commerce by 1.6% in the fourth quarter. Swiss National Bank now owns 246,200 shares of the company’s stock valued at $2,977,000 after buying an additional 3,900 shares during the last quarter. Finally, Plato Investment Management Ltd boosted its holdings in shares of Lightspeed Commerce by 880.0% in the fourth quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock valued at $64,000 after acquiring an additional 4,752 shares during the period. Institutional investors and hedge funds own 68.68% of the company’s stock.

About Lightspeed Commerce

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.