Brokerages Set Lightspeed Commerce Inc. (NYSE:LSPD) PT at $11.27

Lightspeed Commerce Inc. (NYSE:LSPD) has received an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $11.2692.

Several research analysts have recently weighed in on LSPD shares. Truist Financial reduced their price target on shares of Lightspeed Commerce from $11.00 to $10.00 and set a “hold” rating for the company in a report on Thursday, May 28th. Barclays reduced their price target on shares of Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Morgan Stanley reduced their price target on shares of Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating for the company in a report on Friday, May 22nd. Scotiabank reduced their price target on shares of Lightspeed Commerce from $12.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, May 25th. Finally, Bank of America started coverage on shares of Lightspeed Commerce in a report on Tuesday, May 19th. They issued an “underperform” rating and a $10.00 price target for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. boosted its holdings in shares of Lightspeed Commerce by 2.9% in the second quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock valued at $346,000 after buying an additional 835 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Lightspeed Commerce by 4.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,118 shares of the company’s stock worth $303,000 after purchasing an additional 1,148 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Lightspeed Commerce by 15.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,902 shares of the company’s stock worth $198,000 after purchasing an additional 2,314 shares during the last quarter. Swiss National Bank boosted its holdings in Lightspeed Commerce by 1.6% during the fourth quarter. Swiss National Bank now owns 246,200 shares of the company’s stock worth $2,977,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Plato Investment Management Ltd boosted its holdings in Lightspeed Commerce by 880.0% during the fourth 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 during the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Stock Down 0.9%

Shares of NYSE:LSPD opened at $9.64 on Wednesday. Lightspeed Commerce has a 52 week low of $7.83 and a 52 week high of $14.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.18 and a current ratio of 4.28. The company has a market capitalization of $1.32 billion, a PE ratio of -9.35, a PEG ratio of 1.83 and a beta of 1.92. The company has a 50 day moving average price of $9.21 and a two-hundred day moving average price of $10.08.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, May 21st. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $290.80 million during the quarter, compared to analyst estimates of $282.87 million. Lightspeed Commerce had a negative net margin of 11.77% and a positive return on equity of 0.32%. The company’s revenue was up 14.8% compared to the same quarter last year. Analysts forecast that Lightspeed Commerce will post 0.3 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.