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

Truist Financial assumed coverage on shares of Lightspeed Commerce (NYSE:LSPD) in a report released on Monday, Marketbeat reports. The firm issued a hold rating and a $11.00 price objective on the stock.

Several other equities research analysts have also commented on the company. Morgan Stanley cut their target price on Lightspeed Commerce from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. UBS Group dropped their price target on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company cut their price target on Lightspeed Commerce from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Barclays cut their price target on Lightspeed Commerce from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Finally, National Bankshares cut their price target on Lightspeed Commerce from $15.00 to $13.10 and set a “sector perform” rating on the stock in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.04.

Lightspeed Commerce Trading Up 2.1%

NYSE LSPD opened at $10.70 on Monday. The business’s 50-day moving average price is $9.71 and its two-hundred day moving average price is $12.80. Lightspeed Commerce has a 12 month low of $7.34 and a 12 month high of $18.96. The firm has a market capitalization of $1.64 billion, a PE ratio of -13.37, a price-to-earnings-growth ratio of 3.03 and a beta of 2.49. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, May 22nd. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. The business had revenue of $253.42 million for the quarter, compared to the consensus estimate of $252.51 million. During the same quarter in the previous year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts expect that Lightspeed Commerce will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. PCJ Investment Counsel Ltd. lifted its holdings in shares of Lightspeed Commerce by 33.8% in the fourth quarter. PCJ Investment Counsel Ltd. now owns 123,060 shares of the company’s stock valued at $1,874,000 after purchasing an additional 31,060 shares in the last quarter. NINE MASTS CAPITAL Ltd bought a new stake in Lightspeed Commerce during the fourth quarter worth $579,000. AGF Management Ltd. bought a new stake in Lightspeed Commerce during the fourth quarter worth $1,295,000. Arrowstreet Capital Limited Partnership lifted its holdings in Lightspeed Commerce by 37,065.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock worth $63,688,000 after acquiring an additional 4,170,557 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Lightspeed Commerce by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company’s stock worth $81,319,000 after acquiring an additional 70,324 shares during the period. Institutional investors own 68.68% of the company’s stock.

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.