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

Lightspeed Commerce Inc. (NYSE:LSPD) has earned an average rating of “Hold” from the eighteen analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $13.3333.

LSPD has been the subject of a number of recent analyst reports. Royal Bank Of Canada cut their price target on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Barclays decreased their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, January 12th. TD Securities raised Lightspeed Commerce to a “hold” rating in a research note on Thursday, January 15th. Truist Financial decreased their price target on Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, February 11th. Finally, Zacks Research cut Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th.

Institutional Investors Weigh In On Lightspeed Commerce

Institutional investors have recently made changes to their positions in the stock. Plato Investment Management Ltd raised its stake in shares of Lightspeed Commerce by 880.0% in the 4th quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock valued at $64,000 after acquiring an additional 4,752 shares during the period. Headlands Technologies LLC acquired a new stake in Lightspeed Commerce in the 2nd quarter valued at approximately $92,000. Russell Investments Group Ltd. raised its position in Lightspeed Commerce by 106.4% in the second quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock valued at $122,000 after purchasing an additional 5,354 shares during the period. Aigen Investment Management LP acquired a new position in Lightspeed Commerce during the fourth quarter worth $125,000. Finally, Brooklyn Investment Group acquired a new position in Lightspeed Commerce during the fourth quarter worth $132,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Lightspeed Commerce Trading Down 4.2%

Shares of LSPD stock opened at $9.03 on Monday. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a twelve month low of $7.34 and a twelve month high of $14.34. The company’s 50-day moving average price is $10.81 and its 200-day moving average price is $11.52. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -1.95, a PEG ratio of 10.63 and a beta of 2.09.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. Lightspeed Commerce had a negative net margin of 58.15% and a positive return on equity of 0.37%. The firm had revenue of $312.35 million during the quarter, compared to analysts’ expectations of $311.28 million. During the same period last year, the business earned $0.12 earnings per share. Lightspeed Commerce’s revenue was up 11.5% compared to the same quarter last year. As a group, equities analysts predict that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Lightspeed Commerce Company Profile

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.