Lightspeed Commerce (NYSE:LSPD) Trading 6.5% Higher – Still a Buy?

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) traded up 6.5% during trading on Wednesday . The stock traded as high as $12.32 and last traded at $12.40. 310,286 shares traded hands during trading, a decline of 61% from the average session volume of 791,383 shares. The stock had previously closed at $11.64.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LSPD. Royal Bank Of Canada set a $15.00 price objective on Lightspeed Commerce and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. BTIG Research reiterated a “buy” rating and set a $16.00 price target on shares of Lightspeed Commerce in a report on Wednesday, November 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Wednesday, October 8th. Zacks Research raised shares of Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.72.

Lightspeed Commerce Trading Up 5.7%

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 firm has a market cap of $1.67 billion, a PE ratio of -2.72, a price-to-earnings-growth ratio of 18.65 and a beta of 2.16. The company’s 50 day moving average price is $11.74 and its 200 day moving average price is $11.88.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. increased its holdings in Lightspeed Commerce by 2.9% during the 2nd quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock worth $346,000 after purchasing an additional 835 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Lightspeed Commerce by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,197 shares of the company’s stock worth $98,000 after buying an additional 1,124 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Lightspeed Commerce by 8.5% during the second quarter. TD Waterhouse Canada Inc. now owns 43,231 shares of the company’s stock worth $502,000 after buying an additional 3,401 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Lightspeed Commerce by 13.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,615 shares of the company’s stock worth $458,000 after buying an additional 4,769 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings 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 acquiring an additional 5,354 shares in the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

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.