Lightspeed Commerce (NYSE:LSPD) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Lightspeed Commerce (NYSE:LSPD) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other analysts have also weighed in on LSPD. BTIG Research reiterated a “buy” rating and issued a $16.00 target price on shares of Lightspeed Commerce in a research note on Wednesday, November 19th. National Bankshares reduced their price target on shares of Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Wednesday, October 8th. Barclays dropped their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, January 12th. Finally, TD Securities raised shares of Lightspeed Commerce to a “hold” rating in a research note on Thursday, January 15th. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Lightspeed Commerce presently has an average rating of “Hold” and an average target price of $13.66.

Lightspeed Commerce Stock Performance

Shares of NYSE:LSPD opened at $11.06 on Monday. The company has a current ratio of 4.66, a quick ratio of 4.58 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 12 month low of $7.34 and a 12 month high of $15.17. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -2.43, a PEG ratio of 14.82 and a beta of 2.08. The firm’s 50-day moving average is $11.75 and its 200 day moving average is $12.02.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. Lightspeed Commerce had a positive return on equity of 0.39% and a negative net margin of 59.16%.The business had revenue of $318.96 million during the quarter, compared to analyst estimates of $308.90 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. Research analysts predict that Lightspeed Commerce will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Louisbourg Investments Inc. raised its stake in shares of Lightspeed Commerce by 18.0% in the 3rd quarter. Louisbourg Investments Inc. now owns 652,062 shares of the company’s stock valued at $7,527,000 after acquiring an additional 99,357 shares during the period. ANTIPODES PARTNERS Ltd lifted its stake in shares of Lightspeed Commerce by 3,784.7% in the second quarter. ANTIPODES PARTNERS Ltd now owns 1,150,227 shares of the company’s stock worth $13,472,000 after acquiring an additional 1,120,618 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Lightspeed Commerce by 29.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,468,872 shares of the company’s stock valued at $28,948,000 after buying an additional 556,724 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Lightspeed Commerce by 43.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,139,300 shares of the company’s stock worth $25,121,000 after acquiring an additional 650,200 shares in the last quarter. Finally, AMH Equity Ltd acquired a new position in Lightspeed Commerce in the third quarter worth about $693,000. Institutional investors and hedge funds own 68.68% of the company’s stock.

About Lightspeed Commerce

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.