Lightspeed Commerce Inc. (NYSE:LSPD) Stock Has Average Target Price of $11.27 According to Analysts

Lightspeed Commerce Inc. (NYSE:LSPD) has earned a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $11.27.

LSPD has been the topic of several analyst reports. Morgan Stanley cut their target price on shares of Lightspeed Commerce from $11.50 to $9.50 and set an “equal weight” rating on the stock in a report on Monday, September 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Friday, July 17th. Royal Bank Of Canada boosted their price target on shares of Lightspeed Commerce from $10.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, July 31st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pale Fire Capital SE grew its stake in 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 acquiring an additional 249,341 shares during the period. Royal Bank of Canada raised its position in shares of Lightspeed Commerce by 64.4% during the first quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock worth $19,950,000 after purchasing an additional 872,131 shares during the period. Louisbourg Investments Inc. raised its position in shares of Lightspeed Commerce by 4.1% during the first quarter. Louisbourg Investments Inc. now owns 672,764 shares of the company’s stock worth $6,004,000 after purchasing an additional 26,531 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Lightspeed Commerce by 1,221.5% during the 1st quarter. Renaissance Technologies LLC now owns 406,783 shares of the company’s stock valued at $3,645,000 after purchasing an additional 376,000 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of Lightspeed Commerce by 28.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company’s stock valued at $642,000 after purchasing an additional 13,103 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Stock Up 5.7%

Shares of Lightspeed Commerce stock opened at $10.90 on Tuesday. The business has a fifty day simple moving average of $10.22 and a 200 day simple moving average of $9.81. The stock has a market cap of $1.50 billion, a PE ratio of -15.57, a price-to-earnings-growth ratio of 1.49 and a beta of 1.84. The company has a quick ratio of 3.45, a current ratio of 3.55 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 12 month low of $7.83 and a 12 month high of $13.72.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The business had revenue of $322.70 million for the quarter, compared to analyst estimates of $310.58 million. During the same quarter last year, the firm earned $0.06 EPS. Lightspeed Commerce’s quarterly revenue was up 5.8% compared to the same quarter last year. 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 technology company that provides cloud commerce software for small and mid-sized businesses. Its platform is designed for retailers, restaurants, hospitality operators and golf businesses, helping them manage sales, payments, inventory, customer relationships and day-to-day operations through integrated point-of-sale systems.

Lightspeed’s products include retail and restaurant point-of-sale software, payment processing, e-commerce capabilities, inventory and supplier management, appointment and table-management tools, analytics, employee management and customer loyalty features.