Brokerages Set Lightspeed Commerce Inc. (NYSE:LSPD) Target Price at $13.33

Lightspeed Commerce Inc. (NYSE:LSPD) has earned a consensus recommendation of “Hold” from the eighteen analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $13.3333.

LSPD has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price objective on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Zacks Research downgraded shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Truist Financial cut their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, February 11th. Barclays decreased their price target on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, January 12th. Finally, BTIG Research lowered their price target on Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th.

Lightspeed Commerce Price Performance

NYSE LSPD opened at $9.57 on Monday. 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 stock has a market cap of $1.31 billion, a price-to-earnings ratio of -2.07, a price-to-earnings-growth ratio of 11.16 and a beta of 2.08. The company has a 50-day moving average price of $10.53 and a two-hundred day moving average price of $11.43. Lightspeed Commerce has a 52 week low of $7.34 and a 52 week high of $14.34.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LSPD. Louisbourg Investments Inc. increased its position in Lightspeed Commerce by 18.0% during the third quarter. Louisbourg Investments Inc. now owns 652,062 shares of the company’s stock worth $7,527,000 after acquiring an additional 99,357 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Lightspeed Commerce by 29.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,468,872 shares of the company’s stock valued at $28,948,000 after purchasing an additional 556,724 shares during the period. Aviso Financial Inc. bought a new stake in Lightspeed Commerce in the 3rd quarter valued at $784,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Lightspeed Commerce by 43.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,139,300 shares of the company’s stock worth $25,121,000 after purchasing an additional 650,200 shares during the last quarter. Finally, AMH Equity Ltd bought a new position in shares of Lightspeed Commerce during the 3rd quarter worth about $693,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

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.