Lightspeed Commerce (NYSE:LSPD) Shares Gap Down – What’s Next?

Lightspeed Commerce Inc. (NYSE:LSPD) shares gapped down before the market opened on Thursday. The stock had previously closed at $11.56, but opened at $10.12. Lightspeed Commerce shares last traded at $9.9910, with a volume of 130,800 shares.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LSPD. Morgan Stanley dropped their price target on Lightspeed Commerce from $11.50 to $9.50 and set an “equal weight” rating for the company in a research report on Monday, September 28th. Royal Bank Of Canada boosted their price objective on shares of Lightspeed Commerce from $10.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Truist Financial increased their price objective on shares of Lightspeed Commerce from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. raised their target price on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, July 31st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.35.

Lightspeed Commerce Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 3.55 and a quick ratio of 3.45. The firm has a market capitalization of $1.33 billion, a PE ratio of -21.01, a P/E/G ratio of 1.74 and a beta of 1.85. The company has a 50-day moving average price of $10.34 and a 200-day moving average price of $9.84.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, November 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $323.79 million during the quarter, compared to the consensus estimate of $321.09 million. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 EPS. Sell-side analysts forecast that Lightspeed Commerce Inc. will post 0.21 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. ACT Capital Partners L.P. purchased a new position in Lightspeed Commerce during the third quarter worth about $122,000. Russell Investments Group Ltd. grew its stake in shares of Lightspeed Commerce by 33.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 35,945 shares of the company’s stock valued at $352,000 after buying an additional 8,956 shares during the period. State of Wyoming purchased a new position in shares of Lightspeed Commerce in the 3rd quarter worth $66,000. Louisbourg Investments Inc. boosted its holdings in Lightspeed Commerce by 17.0% in the third quarter. Louisbourg Investments Inc. now owns 676,164 shares of the company’s stock valued at $6,624,000 after acquiring an additional 98,184 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Lightspeed Commerce in the 2nd quarter worth about $128,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

About Lightspeed Commerce

Lightspeed Commerce Inc is a cloud-based commerce technology company that provides point-of-sale and business management software for small and midsized businesses. Its platform is designed for retailers, restaurants, hospitality operators and golf businesses, helping them manage sales, payments, inventory, customer relationships and day-to-day operations through integrated digital tools.

Lightspeed’s products include point-of-sale systems, payment processing, e-commerce capabilities, inventory and order management, analytics, accounting integrations, customer loyalty features and tools for managing restaurants and golf courses.