Analysts Set Lightspeed Commerce Inc. (NYSE:LSPD) Target Price at $11.27

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have earned a consensus rating of “Hold” from the fifteen research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $11.2692.

A number of brokerages recently commented on LSPD. Bank of America assumed coverage on Lightspeed Commerce in a research report on Tuesday, May 19th. They set an “underperform” rating and a $10.00 price target for the company. Benchmark reduced their price objective on Lightspeed Commerce from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. UBS Group decreased their target price on Lightspeed Commerce from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Morgan Stanley lowered their target price on Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating on the stock in a research note on Friday, May 22nd. Finally, Stifel Nicolaus cut their price target on shares of Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, May 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pale Fire Capital SE bought a new position in shares of Lightspeed Commerce during the 1st quarter valued at approximately $49,500,000. Artisan Partners Limited Partnership raised its holdings in shares of Lightspeed Commerce by 17.5% in the 4th quarter. Artisan Partners Limited Partnership now owns 3,900,930 shares of the company’s stock worth $47,066,000 after purchasing an additional 581,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Lightspeed Commerce by 28.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,752,669 shares of the company’s stock valued at $31,778,000 after purchasing an additional 613,369 shares during the last quarter. Royal Bank of Canada grew its holdings in Lightspeed Commerce by 64.4% during the first quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock valued at $19,950,000 after purchasing an additional 872,131 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings 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 valued at $18,803,000 after purchasing an additional 1,295,469 shares during the period. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Lightspeed Commerce Trading Up 1.1%

Shares of LSPD stock opened at $10.23 on Friday. 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 $1.41 billion, a price-to-earnings ratio of -9.94, a PEG ratio of 1.91 and a beta of 1.88. Lightspeed Commerce has a 52-week low of $7.83 and a 52-week high of $14.34. The company has a 50-day simple moving average of $9.52 and a two-hundred day simple moving average of $9.86.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, May 21st. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Lightspeed Commerce had a positive return on equity of 0.32% and a negative net margin of 11.77%.The firm had revenue of $290.80 million for the quarter, compared to the consensus estimate of $282.87 million. Lightspeed Commerce’s quarterly revenue was up 14.8% on a year-over-year basis. Research analysts anticipate that Lightspeed Commerce will post 0.3 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.