Lightspeed Commerce (NYSE:LSPD) Upgraded at TD Securities

Lightspeed Commerce (NYSE:LSPD) was upgraded by analysts at TD Securities to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. BTIG Research reiterated a “buy” rating and issued a $16.00 price objective on shares of Lightspeed Commerce in a research note on Wednesday, November 19th. Barclays dropped their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, January 12th. Zacks Research raised Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. National Bankshares lowered their price target on Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating on the stock in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada set a $15.00 price objective on Lightspeed Commerce and gave the stock an “outperform” rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lightspeed Commerce presently has an average rating of “Hold” and an average target price of $13.66.

Lightspeed Commerce Stock Down 0.5%

Lightspeed Commerce stock opened at $11.69 on Thursday. The stock’s 50 day moving average price is $11.86 and its 200 day moving average price is $12.03. Lightspeed Commerce has a 1-year low of $7.34 and a 1-year high of $15.17. The company has a market cap of $1.59 billion, a PE ratio of -2.57, a price-to-earnings-growth ratio of 18.98 and a beta of 2.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.66 and a quick ratio of 4.58.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. The firm had revenue of $318.96 million during the quarter, compared to analysts’ expectations of $308.90 million. Lightspeed Commerce had a positive return on equity of 0.39% and a negative net margin of 59.16%.Lightspeed Commerce’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 earnings per share. On average, sell-side analysts predict that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Lightspeed Commerce

Several hedge funds have recently bought and sold shares of LSPD. Bank of America Corp DE raised its holdings in shares of Lightspeed Commerce by 846.0% in the second quarter. Bank of America Corp DE now owns 1,873,942 shares of the company’s stock worth $21,944,000 after acquiring an additional 1,675,853 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Lightspeed Commerce by 151.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock valued at $18,803,000 after purchasing an additional 1,295,469 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its stake in Lightspeed Commerce by 3,784.7% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 1,150,227 shares of the company’s stock valued at $13,472,000 after purchasing an additional 1,120,618 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Lightspeed Commerce by 43.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,139,300 shares of the company’s stock valued at $25,121,000 after purchasing an additional 650,200 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Lightspeed Commerce by 29.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,468,872 shares of the company’s stock worth $28,948,000 after purchasing an additional 556,724 shares during the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

About Lightspeed Commerce

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.