Brokerages Set Lightspeed Commerce Inc. (NYSE:LSPD) PT at $13.66

Lightspeed Commerce Inc. (NYSE:LSPD) has been given a consensus recommendation of “Hold” by the eighteen analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.40.

A number of research firms have commented on LSPD. Barclays reduced their target price on Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Thursday, January 22nd. Royal Bank Of Canada decreased their target price on Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday. TD Securities upgraded shares of Lightspeed Commerce to a “hold” rating in a research note on Thursday, January 15th. Finally, BTIG Research dropped their price target on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 5th.

Institutional Investors Weigh In On Lightspeed Commerce

A number of large investors have recently added to or reduced their stakes in the stock. Louisbourg Investments Inc. boosted its position in Lightspeed Commerce by 18.0% in the third quarter. Louisbourg Investments Inc. now owns 652,062 shares of the company’s stock worth $7,527,000 after purchasing an additional 99,357 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Lightspeed Commerce by 3,784.7% in the second quarter. ANTIPODES PARTNERS Ltd now owns 1,150,227 shares of the company’s stock worth $13,472,000 after buying an additional 1,120,618 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lightspeed Commerce by 29.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,468,872 shares of the company’s stock worth $28,948,000 after buying an additional 556,724 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Lightspeed Commerce by 43.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,139,300 shares of the company’s stock valued at $25,121,000 after buying an additional 650,200 shares during the period. Finally, AMH Equity Ltd purchased a new stake in Lightspeed Commerce during the third quarter valued at approximately $693,000. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Down 1.5%

NYSE:LSPD opened at $9.12 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.44 and a current ratio of 4.52. The firm has a market cap of $1.24 billion, a P/E ratio of -1.97, a P/E/G ratio of 11.81 and a beta of 2.07. Lightspeed Commerce has a fifty-two week low of $7.34 and a fifty-two week high of $14.34. The firm has a 50-day simple moving average of $11.56 and a two-hundred day simple moving average of $11.87.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $312.35 million for the quarter, compared to analysts’ expectations of $311.28 million. Lightspeed Commerce had a negative net margin of 58.15% and a positive return on equity of 0.37%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. Analysts predict that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Lightspeed Commerce Company Profile

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.