Lightspeed Commerce Inc. (NYSE:LSPD) Receives Average Recommendation of “Hold” from Brokerages

Lightspeed Commerce Inc. (NYSE:LSPD) has been given a consensus recommendation of “Hold” by the fourteen ratings firms that are currently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $19.50.

A number of research analysts have issued reports on LSPD shares. Royal Bank of Canada raised shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on Lightspeed Commerce from $20.00 to $26.00 in a report on Friday, November 8th. Benchmark lifted their target price on Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company decreased their price target on Lightspeed Commerce from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Finally, Barclays cut shares of Lightspeed Commerce from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $20.00 to $18.00 in a research note on Friday, January 10th.

Lightspeed Commerce Stock Performance

Lightspeed Commerce stock opened at $14.71 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. Lightspeed Commerce has a 12 month low of $11.01 and a 12 month high of $20.09. The company has a fifty day moving average price of $16.02 and a two-hundred day moving average price of $14.99. The company has a market cap of $2.23 billion, a PE ratio of -16.52 and a beta of 2.44.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. The business had revenue of $277.18 million during the quarter, compared to analyst estimates of $273.90 million. Research analysts expect that Lightspeed Commerce will post -0.02 earnings per share for the current year.

Institutional Trading of Lightspeed Commerce

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Lightspeed Commerce by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,205,168 shares of the company’s stock valued at $30,189,000 after purchasing an additional 64,944 shares in the last quarter. Bank of Montreal Can lifted its stake in Lightspeed Commerce by 4.9% in the 2nd quarter. Bank of Montreal Can now owns 2,059,914 shares of the company’s stock worth $28,281,000 after acquiring an additional 95,832 shares in the last quarter. Marshall Wace LLP boosted its position in Lightspeed Commerce by 306.5% during the 2nd quarter. Marshall Wace LLP now owns 807,219 shares of the company’s stock worth $11,051,000 after acquiring an additional 608,661 shares during the period. Toronto Dominion Bank grew its stake in Lightspeed Commerce by 102.8% during the 2nd 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 in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Lightspeed Commerce by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 114,808 shares of the company’s stock valued at $1,567,000 after purchasing an additional 2,459 shares during the period. 68.68% of the stock is owned by hedge funds and other institutional investors.

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.