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

Shares of Lightspeed Commerce Inc. (NYSE:LSPDGet Free Report) have been given a consensus rating of “Hold” by the nineteen analysts that are currently covering the firm, MarketBeat reports. Twelve investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $18.78.

Several analysts have recently commented on LSPD shares. Cibc World Mkts upgraded Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 24th. National Bankshares boosted their price objective on Lightspeed Commerce from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Friday, May 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $21.00 target price on shares of Lightspeed Commerce in a report on Wednesday, May 29th. Jefferies Financial Group upped their price objective on shares of Lightspeed Commerce from $14.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday, May 21st. Finally, UBS Group lifted their price objective on shares of Lightspeed Commerce from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st.

Read Our Latest Stock Report on LSPD

Lightspeed Commerce Price Performance

LSPD stock opened at $13.78 on Wednesday. The company has a quick ratio of 6.23, a current ratio of 6.34 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -12.87 and a beta of 2.33. The company’s fifty day simple moving average is $14.16 and its 200 day simple moving average is $15.11. Lightspeed Commerce has a 12-month low of $12.23 and a 12-month high of $21.71.

Lightspeed Commerce (NYSE:LSPDGet Free Report) last issued its earnings results on Thursday, May 16th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.16. The business had revenue of $230.22 million during the quarter, compared to the consensus estimate of $224.08 million. Lightspeed Commerce had a negative return on equity of 2.02% and a negative net margin of 18.03%. On average, analysts expect that Lightspeed Commerce will post -0.39 earnings per share for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Several institutional investors have recently made changes to their positions in the stock. Artisan Partners Limited Partnership lifted its holdings in shares of Lightspeed Commerce by 13.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 5,297,686 shares of the company’s stock worth $111,232,000 after acquiring an additional 627,796 shares during the last quarter. Vanguard Group Inc. lifted its position in Lightspeed Commerce by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,099,482 shares of the company’s stock worth $71,699,000 after buying an additional 62,394 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Lightspeed Commerce by 19.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,674,070 shares of the company’s stock worth $37,517,000 after acquiring an additional 427,320 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Lightspeed Commerce in the 1st quarter valued at $34,984,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Lightspeed Commerce by 14.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,965,996 shares of the company’s stock valued at $41,267,000 after purchasing an additional 246,741 shares during the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

About Lightspeed Commerce

(Get Free Report

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.

See Also

Analyst Recommendations for Lightspeed Commerce (NYSE:LSPD)

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