Lightspeed Commerce Inc. (NYSE:LSPD) Receives $18.59 Consensus Target Price from Brokerages

Lightspeed Commerce Inc. (NYSE:LSPD) has received an average recommendation of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.69.

LSPD has been the topic of a number of analyst reports. Jefferies Financial Group reduced their price objective on shares of Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Wells Fargo & Company reduced their price target on shares of Lightspeed Commerce from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada downgraded shares of Lightspeed Commerce from a “moderate buy” rating to a “strong sell” rating in a research report on Thursday, August 15th. BTIG Research reiterated a “buy” rating and issued a $21.00 price target on shares of Lightspeed Commerce in a research note on Thursday, September 26th. Finally, Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Lightspeed Commerce in a research report on Thursday, September 26th.

Institutional Investors Weigh In On Lightspeed Commerce

A number of institutional investors have recently added to or reduced their stakes in LSPD. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Lightspeed Commerce during the first quarter worth $35,000. Toronto Dominion Bank raised its position in Lightspeed Commerce by 102.8% during the 2nd quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock worth $94,000 after purchasing an additional 3,482 shares during the last quarter. Headlands Technologies LLC acquired a new position in Lightspeed Commerce during the 2nd quarter worth about $181,000. Duality Advisers LP grew its position in shares of Lightspeed Commerce by 160.8% in the 1st quarter. Duality Advisers LP now owns 34,337 shares of the company’s stock valued at $483,000 after buying an additional 21,172 shares during the last quarter. Finally, Addenda Capital Inc. increased its stake in shares of Lightspeed Commerce by 5.3% in the first quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock valued at $560,000 after buying an additional 1,990 shares during the period. 68.68% of the stock is owned by institutional investors.

Lightspeed Commerce Trading Down 0.7 %

Shares of LSPD stock opened at $15.05 on Friday. The stock has a market cap of $2.31 billion, a P/E ratio of -14.07, a price-to-earnings-growth ratio of 10.07 and a beta of 2.34. Lightspeed Commerce has a 1 year low of $11.01 and a 1 year high of $21.71. The company has a current ratio of 6.19, a quick ratio of 6.06 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $14.27 and a 200 day simple moving average of $13.93.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $266.10 million during the quarter, compared to the consensus estimate of $258.58 million. Lightspeed Commerce had a negative return on equity of 0.99% and a negative net margin of 15.55%. During the same period in the prior year, the company posted ($0.14) EPS. The company’s revenue was up 27.3% compared to the same quarter last year. On average, research analysts predict that Lightspeed Commerce will post 0.05 earnings per share for the current fiscal year.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.