Lightspeed Commerce (NYSE:LSPD) Coverage Initiated by Analysts at Benchmark

Benchmark initiated coverage on shares of Lightspeed Commerce (NYSE:LSPD) in a report published on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $20.00 price target on the stock.

Other research analysts have also issued research reports about the stock. TD Securities lowered their price target on shares of Lightspeed Commerce from $16.00 to $15.00 and set a hold rating for the company in a report on Friday, August 2nd. Piper Sandler dropped their target price on shares of Lightspeed Commerce from $17.00 to $15.00 and set a neutral rating on the stock in a report on Friday, August 2nd. BMO Capital Markets cut their price target on shares of Lightspeed Commerce from $20.00 to $18.00 and set an outperform rating on the stock in a research report on Friday, August 2nd. Cibc World Mkts raised Lightspeed Commerce from a hold rating to a strong-buy rating in a research report on Friday, May 24th. Finally, Wells Fargo & Company cut their target price on Lightspeed Commerce from $17.00 to $15.00 and set an equal weight rating on the stock in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $18.65.

Lightspeed Commerce Stock Performance

NYSE LSPD opened at $13.16 on Tuesday. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -12.30, a PEG ratio of 62.94 and a beta of 2.32. The company has a quick ratio of 6.06, a current ratio of 6.19 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a twelve month low of $11.01 and a twelve month high of $21.71. The stock has a fifty day simple moving average of $13.02 and a 200 day simple moving average of $13.59.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Lightspeed Commerce had a negative return on equity of 0.99% and a negative net margin of 15.55%. The firm had revenue of $266.10 million for the quarter, compared to analyst estimates of $258.58 million. During the same quarter in the previous year, the company posted ($0.14) EPS. The business’s revenue was up 27.3% on a year-over-year basis. Sell-side analysts expect that Lightspeed Commerce will post 0.01 EPS for the current year.

Institutional Trading of Lightspeed Commerce

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Lightspeed Commerce during the first quarter valued at about $35,000. Toronto Dominion Bank boosted its stake in Lightspeed Commerce by 102.8% during the 2nd quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock valued at $94,000 after purchasing an additional 3,482 shares during the last quarter. Conestoga Capital Advisors LLC bought a new stake in Lightspeed Commerce during the 1st quarter worth approximately $141,000. Headlands Technologies LLC purchased a new stake in shares of Lightspeed Commerce in the second quarter worth approximately $181,000. Finally, Duality Advisers LP lifted its holdings in shares of Lightspeed Commerce by 160.8% in the first quarter. Duality Advisers LP now owns 34,337 shares of the company’s stock valued at $483,000 after purchasing an additional 21,172 shares in the last quarter. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.