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

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have been given an average rating of “Hold” by the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $11.5357.

Several equities analysts have recently issued reports on the company. National Bank Financial reduced their price objective on Lightspeed Commerce from $15.00 to $11.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Truist Financial cut their target price on Lightspeed Commerce from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, May 28th. JPMorgan Chase & Co. boosted their price target on Lightspeed Commerce from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Friday, July 17th. Finally, Royal Bank Of Canada boosted their price target on shares of Lightspeed Commerce from $10.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st.

Institutional Trading of Lightspeed Commerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in LSPD. Pale Fire Capital SE increased its holdings in shares of Lightspeed Commerce by 4.5% in the second quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company’s stock valued at $60,569,000 after buying an additional 249,341 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Lightspeed Commerce by 64.4% during the 1st quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock worth $19,950,000 after acquiring an additional 872,131 shares in the last quarter. Louisbourg Investments Inc. boosted its stake in shares of Lightspeed Commerce by 4.1% during the 1st quarter. Louisbourg Investments Inc. now owns 672,764 shares of the company’s stock worth $6,004,000 after acquiring an additional 26,531 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Lightspeed Commerce by 1,221.5% in the 1st quarter. Renaissance Technologies LLC now owns 406,783 shares of the company’s stock worth $3,645,000 after acquiring an additional 376,000 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Lightspeed Commerce during the fourth quarter worth $3,953,000. 68.68% of the stock is owned by institutional investors and hedge funds.

Lightspeed Commerce Stock Performance

LSPD stock opened at $9.62 on Friday. Lightspeed Commerce has a 1 year low of $7.83 and a 1 year high of $13.72. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -13.74, a PEG ratio of 1.38 and a beta of 1.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.45 and a current ratio of 3.55. The stock’s fifty day moving average is $10.25 and its two-hundred day moving average is $9.68.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The business had revenue of $322.70 million during the quarter, compared to analyst estimates of $310.58 million. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share. On average, research analysts predict that Lightspeed Commerce will post 0.23 EPS for the current year.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Montreal-based commerce technology company that provides cloud-based point-of-sale and business management software for small and mid-sized businesses. Its platform is designed for retailers, restaurants, golf operators and other location-based businesses, helping them manage transactions, inventory, customers and day-to-day operations through integrated digital tools.

Lightspeed’s products include point-of-sale systems, payment processing, inventory and order management, e-commerce capabilities, customer loyalty and marketing tools, analytics, and integrations with accounting and other business applications.