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

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have been assigned a consensus rating of “Hold” from the eighteen analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $14.09.

Several brokerages recently issued reports on LSPD. Bank of America lowered their price target on Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, March 27th. National Bankshares decreased their price target on Lightspeed Commerce from $15.00 to $13.10 and set a “sector perform” rating for the company in a research note on Friday, April 25th. Wells Fargo & Company decreased their price target on Lightspeed Commerce from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. Morgan Stanley cut their target price on shares of Lightspeed Commerce from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, Piper Sandler cut their price target on Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th.

Hedge Funds Weigh In On Lightspeed Commerce

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Lightspeed Commerce by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,372,421 shares of the company’s stock valued at $47,004,000 after buying an additional 39,115 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Lightspeed Commerce by 37,065.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock valued at $63,688,000 after buying an additional 4,170,557 shares during the period. Wishbone Management LP acquired a new position in Lightspeed Commerce in the 1st quarter worth $32,156,000. Nuveen Asset Management LLC boosted its stake in Lightspeed Commerce by 0.8% in the 4th quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company’s stock worth $48,009,000 after purchasing an additional 24,891 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Lightspeed Commerce by 151.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock worth $18,803,000 after buying an additional 1,295,469 shares in the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

Lightspeed Commerce Stock Performance

NYSE LSPD opened at $12.57 on Friday. Lightspeed Commerce has a 12-month low of $7.34 and a 12-month high of $18.96. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of -2.87, a PEG ratio of 4.02 and a beta of 2.48. The business’s 50 day moving average is $11.29 and its two-hundred day moving average is $11.59. The company has a current ratio of 5.36, a quick ratio of 5.26 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 analysts’ consensus estimates of $0.11 by ($0.01). Lightspeed Commerce had a negative net margin of 61.96% and a positive return on equity of 0.79%. The company had revenue of $253.42 million for the quarter, compared to analyst estimates of $252.51 million. During the same quarter last year, the company posted $0.06 EPS. Lightspeed Commerce’s quarterly revenue was up 10.1% compared to the same quarter last year. Research analysts expect that Lightspeed Commerce will post 0.08 EPS for the current year.

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.