Lightspeed Commerce Inc. (NYSE:LSPD) Given Average Recommendation of “Hold” by Analysts

Lightspeed Commerce Inc. (NYSE:LSPD) has been assigned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $13.2727.

LSPD has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Thursday, January 22nd. Royal Bank Of Canada lowered their target price on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. BTIG Research dropped their target price on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. TD Securities raised shares of Lightspeed Commerce to a “hold” rating in a research note on Thursday, January 15th. Finally, Zacks Research downgraded shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th.

Lightspeed Commerce Stock Performance

NYSE LSPD opened at $8.94 on Friday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -1.93, a price-to-earnings-growth ratio of 10.03 and a beta of 2.08. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $9.51 and a 200-day moving average price of $11.05. Lightspeed Commerce has a twelve month low of $7.34 and a twelve month high of $14.34.

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

Institutional Investors Weigh In On Lightspeed Commerce

Several large investors have recently made changes to their positions in the company. Plato Investment Management Ltd lifted its position in shares of Lightspeed Commerce by 880.0% in the fourth quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock worth $64,000 after buying an additional 4,752 shares in the last quarter. Headlands Technologies LLC purchased a new position in Lightspeed Commerce during the 2nd quarter valued at approximately $92,000. Russell Investments Group Ltd. grew its holdings in Lightspeed Commerce by 106.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock valued at $122,000 after buying an additional 5,354 shares in the last quarter. Aigen Investment Management LP bought a new stake in Lightspeed Commerce in the 4th quarter worth approximately $125,000. Finally, Brooklyn Investment Group bought a new stake in Lightspeed Commerce in the 4th quarter worth approximately $132,000. 68.68% of the stock is owned by institutional investors.

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.