Lightspeed Commerce Inc. (LSPD) – What Are Brokerages Saying About This Stock?

Lightspeed Commerce Inc. (NYSE:LSPD) has earned an average recommendation of “Hold” from the sixteen analysts that are covering the stock, MarketBeat reports. Three 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 12-month target price among brokers that have covered the stock in the last year is $11.27.

Several research firms have issued reports on LSPD. Morgan Stanley decreased their price target on shares of Lightspeed Commerce from $11.50 to $9.50 and set an “equal weight” rating on the stock in a research report on Monday, September 28th. JPMorgan Chase & Co. raised their target price on Lightspeed Commerce from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, July 31st. Royal Bank Of Canada increased their target price on Lightspeed Commerce from $10.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Thursday.

Institutional Investors Weigh In On Lightspeed Commerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new stake in Lightspeed Commerce during the 2nd quarter worth about $128,000. TD Waterhouse Canada Inc. raised its position in Lightspeed Commerce by 28.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company’s stock valued at $642,000 after buying an additional 13,103 shares during the last quarter. Pale Fire Capital SE lifted its position in Lightspeed Commerce by 4.5% during the 2nd quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company’s stock worth $60,569,000 after buying an additional 249,341 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Lightspeed Commerce in the 2nd quarter valued at approximately $540,000. Finally, Amundi bought a new position in Lightspeed Commerce during the first quarter worth about $121,000. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Trading Down 3.0%

Lightspeed Commerce stock opened at $10.56 on Tuesday. The company has a quick ratio of 3.45, a current ratio of 3.55 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 $13.72. The firm has a 50-day moving average price of $10.22 and a two-hundred day moving average price of $9.82. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -15.09, a PEG ratio of 1.52 and a beta of 1.84.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Lightspeed Commerce had a positive return on equity of 1.06% and a negative net margin of 7.81%. The company had revenue of $322.70 million during the quarter, compared to analysts’ expectations of $310.58 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Sell-side analysts expect that Lightspeed Commerce will post 0.23 earnings per share for the current year.

About Lightspeed Commerce

Lightspeed Commerce Inc is a Montreal-based technology company that provides cloud commerce software for small and mid-sized businesses. Its platform is designed for retailers, restaurants, hospitality operators and golf businesses, helping them manage sales, payments, inventory, customer relationships and day-to-day operations through integrated point-of-sale systems.

Lightspeed’s products include retail and restaurant point-of-sale software, payment processing, e-commerce capabilities, inventory and supplier management, appointment and table-management tools, analytics, employee management and customer loyalty features.