Brokerages Set Lightspeed Commerce Inc. (NYSE:LSPD) Price Target at $11.32

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have earned an average rating of “Hold” from the sixteen brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $11.3214.

Several equities analysts recently weighed in on the stock. BMO Capital Markets decreased their target price on shares of Lightspeed Commerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Monday, May 25th. Stifel Nicolaus dropped their price target on shares of Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, May 22nd. Scotiabank dropped their price target on shares of Lightspeed Commerce from $12.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, May 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Friday, July 17th. Finally, Benchmark decreased their price objective on shares of Lightspeed Commerce from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, May 22nd.

Lightspeed Commerce Stock Performance

LSPD opened at $10.48 on Monday. The business’s 50-day simple moving average is $10.27 and its 200 day simple moving average is $9.56. Lightspeed Commerce has a 52-week low of $7.83 and a 52-week high of $13.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.45 and a current ratio of 3.55. The firm has a market capitalization of $1.44 billion, a PE ratio of -14.97, a PEG ratio of 1.13 and a beta of 1.88.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $322.70 million during the quarter, compared to the consensus estimate of $310.58 million. Lightspeed Commerce had a positive return on equity of 1.06% and a negative net margin of 7.81%.The business’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. As a group, sell-side analysts expect that Lightspeed Commerce will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Several hedge funds have recently bought and sold shares of the company. Plato Investment Management Ltd increased its position 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 buying an additional 4,752 shares during the last quarter. Headlands Technologies LLC bought a new stake in Lightspeed Commerce in the second quarter valued at approximately $92,000. Amundi acquired a new stake in shares of Lightspeed Commerce in the first quarter valued at approximately $121,000. Russell Investments Group Ltd. lifted its position in shares of 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 buying an additional 5,354 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Lightspeed Commerce during the 4th quarter worth approximately $125,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

About Lightspeed Commerce

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.