Lightspeed Commerce Inc. (NYSE:LSPD) Receives $19.88 Consensus PT from Brokerages

Lightspeed Commerce Inc. (NYSE:LSPD) has been given an average rating of “Moderate Buy” by the sixteen brokerages that are covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $19.88.

LSPD has been the subject of a number of analyst reports. Piper Sandler raised their price objective on shares of Lightspeed Commerce from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on Lightspeed Commerce from $20.00 to $26.00 in a report on Friday, November 8th. BTIG Research reissued a “buy” rating and set a $21.00 price target on shares of Lightspeed Commerce in a report on Thursday, September 26th. Royal Bank of Canada upgraded Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets boosted their target price on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th.

Lightspeed Commerce Price Performance

Shares of LSPD stock opened at $17.59 on Tuesday. The company has a quick ratio of 5.94, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -20.62, a PEG ratio of 7.00 and a beta of 2.35. The business’s fifty day moving average is $15.14 and its 200 day moving average is $14.19. Lightspeed Commerce has a twelve month low of $11.01 and a twelve month high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. The company had revenue of $277.18 million during the quarter, compared to analyst estimates of $273.90 million. Research analysts expect that Lightspeed Commerce will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank grew its stake in Lightspeed Commerce by 102.8% during the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock valued at $94,000 after acquiring an additional 3,482 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Lightspeed Commerce during the second quarter valued at about $181,000. Aigen Investment Management LP bought a new stake in shares of Lightspeed Commerce in the third quarter worth about $225,000. Algert Global LLC bought a new position in Lightspeed Commerce during the third quarter valued at approximately $448,000. Finally, Verition Fund Management LLC bought a new position in Lightspeed Commerce during the third quarter valued at approximately $499,000. 68.68% of the stock is owned by hedge funds and other institutional investors.

About Lightspeed Commerce

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.