Analysts Set Lightspeed Commerce Inc. (NYSE:LSPD) PT at $13.08

Lightspeed Commerce Inc. (NYSE:LSPD) has been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $13.2727.

LSPD has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Thursday, January 22nd. BTIG Research decreased their target price on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Zacks Research downgraded shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. TD Securities raised shares of Lightspeed Commerce to a “hold” rating in a research report on Thursday, January 15th. Finally, Barclays cut their price target on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, January 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSPD. Goldman Sachs Group Inc. increased its stake in Lightspeed Commerce by 151.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock worth $18,803,000 after acquiring an additional 1,295,469 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Lightspeed Commerce by 8.1% in the 2nd quarter. Geode Capital Management LLC now owns 78,301 shares of the company’s stock valued at $922,000 after purchasing an additional 5,834 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Lightspeed Commerce in the 2nd quarter valued at about $156,000. Legal & General Group Plc grew its holdings in shares of Lightspeed Commerce by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 160,176 shares of the company’s stock worth $1,876,000 after purchasing an additional 11,961 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Lightspeed Commerce by 106.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock worth $122,000 after purchasing an additional 5,354 shares in the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Trading Up 0.2%

Shares of Lightspeed Commerce stock traded up $0.02 during trading hours on Friday, reaching $8.91. 409,597 shares of the company’s stock were exchanged, compared to its average volume of 969,303. Lightspeed Commerce has a 52-week low of $7.34 and a 52-week high of $14.34. The company has a fifty day moving average of $9.42 and a 200-day moving average of $11.02. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -1.93, a price-to-earnings-growth ratio of 1.65 and a beta of 2.05.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Lightspeed Commerce had a positive return on equity of 0.37% and a negative net margin of 58.15%.The business had revenue of $312.35 million during the quarter, compared to the consensus estimate of $311.28 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Sell-side analysts forecast that Lightspeed Commerce will post 0.08 EPS 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.