Lightspeed Commerce Inc. (NYSE:LSPD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Lightspeed Commerce Inc. (NYSE:LSPD) has been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $19.88.

A number of research firms recently issued reports on LSPD. JPMorgan Chase & Co. boosted their target price on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. Royal Bank of Canada raised Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a report on Friday, November 8th. BMO Capital Markets raised their target price on Lightspeed Commerce from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. TD Securities boosted their price target on Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, Benchmark upped their price objective on Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Lightspeed Commerce Stock Performance

Shares of NYSE LSPD opened at $17.54 on Tuesday. Lightspeed Commerce has a fifty-two week low of $11.01 and a fifty-two week high of $21.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. The business has a 50-day simple moving average of $15.45 and a two-hundred day simple moving average of $14.29.

Lightspeed Commerce (NYSE:LSPD) last released 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 during the quarter, compared to analysts’ expectations of $273.90 million. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. On average, equities analysts forecast that Lightspeed Commerce will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. 1832 Asset Management L.P. raised its stake in shares of Lightspeed Commerce by 345,464.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 404,310 shares of the company’s stock valued at $5,535,000 after acquiring an additional 404,193 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Lightspeed Commerce in the second quarter valued at approximately $956,000. Intact Investment Management Inc. lifted its stake in Lightspeed Commerce by 10,117.5% during the third quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock worth $14,473,000 after purchasing an additional 869,090 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Lightspeed Commerce by 297.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 90,296 shares of the company’s stock valued at $1,236,000 after buying an additional 67,584 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Lightspeed Commerce by 306.5% in the second quarter. Marshall Wace LLP now owns 807,219 shares of the company’s stock valued at $11,051,000 after purchasing an additional 608,661 shares in the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

About Lightspeed Commerce

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.