Lightspeed Commerce Inc. (NYSE:LSPD) Stock Rated “Hold” by Wall Street Brokerages

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have earned a consensus rating of “Hold” from the sixteen brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $11.54.

Several research firms have recently commented on LSPD. Truist Financial lowered their price target on Lightspeed Commerce from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, May 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Friday, July 17th. JPMorgan Chase & Co. increased their target price on Lightspeed Commerce from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada raised their target price on Lightspeed Commerce from $10.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, August 31st.

Lightspeed Commerce Price Performance

Lightspeed Commerce stock opened at $9.70 on Friday. The company’s 50 day simple moving average is $10.23 and its 200-day simple moving average is $9.68. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -13.85, a price-to-earnings-growth ratio of 1.39 and a beta of 1.84. Lightspeed Commerce has a 1 year low of $7.83 and a 1 year high of $13.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.45 and a current ratio of 3.55.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $322.70 million during 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 firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. As a group, equities research analysts expect that Lightspeed Commerce will post 0.23 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pictet Asset Management Holding SA lifted its stake in shares of Lightspeed Commerce by 5.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 26,557 shares of the company’s stock worth $237,000 after acquiring an additional 1,439 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Lightspeed Commerce during the second quarter worth about $128,000. ACT Capital Management LLC acquired a new position in shares of Lightspeed Commerce during the fourth quarter worth about $151,000. TD Waterhouse Canada Inc. raised its holdings in Lightspeed Commerce by 28.3% during the second quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company’s stock worth $642,000 after purchasing an additional 13,103 shares in the last quarter. Finally, Amundi purchased a new position in Lightspeed Commerce during the first quarter worth about $121,000. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Montreal-based commerce technology company that provides cloud-based point-of-sale and business management software for small and mid-sized businesses. Its platform is designed for retailers, restaurants, golf operators and other location-based businesses, helping them manage transactions, inventory, customers and day-to-day operations through integrated digital tools.

Lightspeed’s products include point-of-sale systems, payment processing, inventory and order management, e-commerce capabilities, customer loyalty and marketing tools, analytics, and integrations with accounting and other business applications.