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

Lightspeed Commerce Inc. (NYSE:LSPD) has received an average recommendation of “Hold” from the nineteen analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $13.6563.

A number of research analysts have recently weighed in on LSPD shares. National Bankshares reduced their target price on shares of Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating for the company in a research report on Thursday, October 23rd. Barclays reduced their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, January 12th. Zacks Research downgraded Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. TD Securities raised Lightspeed Commerce to a “hold” rating in a research report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Thursday, January 22nd.

Lightspeed Commerce Trading Up 2.1%

NYSE LSPD opened at $10.06 on Thursday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -2.21, a PEG ratio of 13.27 and a beta of 2.07. Lightspeed Commerce has a one year low of $7.34 and a one year high of $14.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.66 and a quick ratio of 4.58. The business’s fifty day moving average is $11.68 and its 200-day moving average is $11.96.

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

Institutional Trading of Lightspeed Commerce

Institutional investors have recently modified their holdings of the business. Invesco Ltd. grew its stake in Lightspeed Commerce by 2.9% in the 2nd quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock valued at $346,000 after buying an additional 835 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of Lightspeed Commerce by 4.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 25,118 shares of the company’s stock valued at $303,000 after purchasing an additional 1,148 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Lightspeed Commerce by 15.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,902 shares of the company’s stock valued at $198,000 after purchasing an additional 2,314 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Lightspeed Commerce by 8.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 43,231 shares of the company’s stock valued at $502,000 after purchasing an additional 3,401 shares during the period. Finally, Plato Investment Management Ltd lifted its holdings in Lightspeed Commerce by 880.0% during the 4th quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock worth $64,000 after purchasing an additional 4,752 shares in the last quarter. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

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.