Lightspeed Commerce (NYSE:LSPD) Stock Price Expected to Rise, TD Securities Analyst Says

Lightspeed Commerce (NYSE:LSPD) had its price target hoisted by TD Securities from $15.00 to $19.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts have also recently commented on the stock. BTIG Research restated a “buy” rating and set a $21.00 target price on shares of Lightspeed Commerce in a research note on Thursday, September 26th. BMO Capital Markets lifted their target price on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. cut their price target on Lightspeed Commerce from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Piper Sandler decreased their target price on Lightspeed Commerce from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Benchmark boosted their price target on Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lightspeed Commerce presently has a consensus rating of “Hold” and an average price target of $19.75.

Lightspeed Commerce Price Performance

Shares of NYSE:LSPD opened at $17.07 on Friday. The company has a quick ratio of 6.06, a current ratio of 6.19 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.59 billion, a PE ratio of -19.18, a price-to-earnings-growth ratio of 10.75 and a beta of 2.35. The firm’s 50 day moving average price is $14.82 and its 200-day moving average price is $14.10. Lightspeed Commerce has a twelve month low of $11.01 and a twelve month high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $277.18 million for the quarter, compared to analysts’ expectations of $273.90 million. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. Equities research analysts expect that Lightspeed Commerce will post 0.05 EPS for the current year.

Institutional Trading of Lightspeed Commerce

Institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank raised its stake in shares of Lightspeed Commerce by 102.8% in the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock valued at $94,000 after acquiring an additional 3,482 shares during the period. Headlands Technologies LLC purchased a new stake in Lightspeed Commerce in the 2nd quarter worth about $181,000. Aigen Investment Management LP purchased a new stake in Lightspeed Commerce in the 3rd quarter worth about $225,000. Duality Advisers LP boosted its position in shares of Lightspeed Commerce by 160.8% during the first 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 period. Finally, Addenda Capital Inc. boosted its position in shares of Lightspeed Commerce by 10.5% during the second quarter. Addenda Capital Inc. now owns 44,041 shares of the company’s stock valued at $603,000 after buying an additional 4,196 shares during the period. 68.68% of the stock is currently owned by institutional investors.

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.