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

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have earned a consensus rating of “Hold” from the sixteen analysts that are currently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.74.

LSPD has been the subject of a number of analyst reports. Scotiabank cut their price target on Lightspeed Commerce from $22.00 to $20.00 and set a “sector outperform” rating for the company in a report on Friday, February 9th. National Bankshares cut their price target on Lightspeed Commerce from $20.00 to $15.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. BMO Capital Markets cut their price target on Lightspeed Commerce from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, February 9th. Barclays cut their price target on Lightspeed Commerce from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Finally, BTIG Research boosted their price target on Lightspeed Commerce from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, December 28th.

Institutional Investors Weigh In On Lightspeed Commerce

A number of institutional investors have recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Lightspeed Commerce during the first quarter valued at about $35,000. Addenda Capital Inc. grew its position in Lightspeed Commerce by 5.3% during the first quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock valued at $560,000 after acquiring an additional 1,990 shares during the period. Vanguard Group Inc. boosted its position in shares of Lightspeed Commerce by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 5,037,088 shares of the company’s stock worth $105,728,000 after buying an additional 98,587 shares during the period. HST Ventures LLC purchased a new stake in shares of Lightspeed Commerce in the fourth quarter worth about $1,324,000. Finally, Kent Lake Capital LLC purchased a new stake in shares of Lightspeed Commerce in the fourth quarter worth about $5,248,000. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Performance

Shares of LSPD stock opened at $13.22 on Friday. The stock has a fifty day moving average price of $13.63 and a 200 day moving average price of $15.69. The stock has a market cap of $2.03 billion, a PE ratio of -9.79 and a beta of 2.37. Lightspeed Commerce has a 1 year low of $12.23 and a 1 year high of $21.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.09 and a current ratio of 6.21.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, February 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.12. The firm had revenue of $239.70 million during the quarter, compared to analysts’ expectations of $236.31 million. Lightspeed Commerce had a negative return on equity of 2.68% and a negative net margin of 23.85%. Sell-side analysts forecast that Lightspeed Commerce will post -0.5 earnings per share for the current fiscal year.

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.