Lightspeed Commerce Inc. (NYSE:LSPD) Receives Consensus Recommendation of “Hold” from Analysts

Lightspeed Commerce Inc. (NYSE:LSPD) has received a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the firm, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $15.09.

Several analysts have issued reports on the company. Morgan Stanley dropped their price objective on Lightspeed Commerce from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. decreased their target price on Lightspeed Commerce from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, March 31st. Scotiabank cut their price target on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating for the company in a report on Tuesday, March 25th. Benchmark reduced their price objective on shares of Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. Finally, Piper Sandler dropped their price objective on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th.

Hedge Funds Weigh In On Lightspeed Commerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its holdings in Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after buying an additional 1,025 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Lightspeed Commerce by 27.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company’s stock worth $158,000 after acquiring an additional 2,168 shares in the last quarter. Bayesian Capital Management LP bought a new position in Lightspeed Commerce in the fourth quarter valued at approximately $165,000. Susquehanna Fundamental Investments LLC acquired a new position in Lightspeed Commerce during the fourth quarter valued at approximately $256,000. Finally, Twinbeech Capital LP acquired a new position in Lightspeed Commerce during the fourth quarter valued at approximately $261,000. 68.68% of the stock is owned by institutional investors and hedge funds.

Lightspeed Commerce Trading Down 4.2 %

NYSE LSPD opened at $8.81 on Friday. Lightspeed Commerce has a 12 month low of $7.34 and a 12 month high of $18.96. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $11.20 and a 200-day moving average of $14.35. The company has a market cap of $1.35 billion, a PE ratio of -11.01, a PEG ratio of 3.03 and a beta of 2.52.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. On average, equities research analysts anticipate that Lightspeed Commerce will post 0.08 EPS 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.