Lightspeed Commerce (NYSE:LSPD) Earns Hold Rating from Analysts at Truist Financial

Truist Financial started coverage on shares of Lightspeed Commerce (NYSE:LSPD) in a report released on Monday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $11.00 price target on the stock.

Other analysts have also issued reports about the stock. Morgan Stanley lowered their price objective on shares of Lightspeed Commerce from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Atb Cap Markets lowered shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 26th. BMO Capital Markets decreased their price target on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Barclays decreased their price target on shares of Lightspeed Commerce from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. Finally, Wells Fargo & Company decreased their price target on shares of Lightspeed Commerce from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.04.

Lightspeed Commerce Stock Up 1.0%

NYSE:LSPD opened at $11.16 on Monday. Lightspeed Commerce has a 1-year low of $7.34 and a 1-year high of $18.96. The company has a 50-day moving average of $9.79 and a 200 day moving average of $12.77. The firm has a market cap of $1.71 billion, a PE ratio of -13.95, a price-to-earnings-growth ratio of 3.03 and a beta of 2.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, May 22nd. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. The business had revenue of $253.42 million during the quarter, compared to analysts’ expectations of $252.51 million. During the same period last year, the company earned $0.06 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. As a group, research analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Lightspeed Commerce

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Lightspeed Commerce by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,372,421 shares of the company’s stock worth $47,004,000 after buying an additional 39,115 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in 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 worth $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 approximately $32,156,000. Nuveen Asset Management LLC grew its stake in shares of Lightspeed Commerce by 0.8% during 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. grew its stake in shares of 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 purchasing an additional 1,295,469 shares during the period. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Company Profile

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.