Analysts Set Lightspeed Commerce Inc. (NYSE:LSPD) Price Target at $13.72

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have earned an average rating of “Hold” from the nineteen analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $13.6563.

Several equities research analysts recently weighed in on the stock. 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. Zacks Research raised Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. TD Securities raised Lightspeed Commerce to a “hold” rating in a report on Thursday. Barclays lowered their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, January 12th. Finally, National Bankshares reduced their target price on 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.

Institutional Trading of Lightspeed Commerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSPD. Numerai GP LLC lifted its stake in Lightspeed Commerce by 488.9% during the third quarter. Numerai GP LLC now owns 159,209 shares of the company’s stock worth $1,839,000 after purchasing an additional 132,175 shares during the period. Bank of America Corp DE raised its holdings in shares of Lightspeed Commerce by 5.2% in the 3rd quarter. Bank of America Corp DE now owns 1,971,125 shares of the company’s stock worth $22,766,000 after buying an additional 97,183 shares in the last quarter. Algert Global LLC bought a new position in shares of Lightspeed Commerce during the 3rd quarter worth approximately $295,000. Ameriprise Financial Inc. boosted its stake in Lightspeed Commerce by 0.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,948,620 shares of the company’s stock valued at $22,507,000 after buying an additional 9,503 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Lightspeed Commerce in the third quarter valued at $1,384,000. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Performance

NYSE LSPD traded down $0.06 during trading on Friday, hitting $11.69. The company’s stock had a trading volume of 486,201 shares, compared to its average volume of 434,417. Lightspeed Commerce has a 52 week low of $7.34 and a 52 week high of $15.17. The firm has a market cap of $1.59 billion, a P/E ratio of -2.57, a price-to-earnings-growth ratio of 18.88 and a beta of 2.08. The firm has a 50 day moving average price of $11.86 and a 200 day moving average price of $12.03. The company has a quick ratio of 4.58, a current ratio of 4.66 and a debt-to-equity ratio of 0.01.

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, 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 business had revenue of $318.96 million for the quarter, compared to analyst estimates of $308.90 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Lightspeed Commerce’s revenue was up 15.1% compared to the same quarter last year. Equities research analysts forecast that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal 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.