Lightspeed Commerce (NYSE:LSPD) Price Target Raised to $11.00

Lightspeed Commerce (NYSE:LSPD) had its target price lifted by Truist Financial from $10.00 to $11.00 in a research note published on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

A number of other research firms also recently commented on LSPD. Morgan Stanley lowered their target price 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 target 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. JPMorgan Chase & Co. boosted their price target on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightspeed Commerce in a research note 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.35.

Lightspeed Commerce Trading Up 0.0%

Shares of LSPD stock opened at $11.13 on Friday. The company has a current ratio of 3.55, a quick ratio of 3.45 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -15.90, a price-to-earnings-growth ratio of 1.61 and a beta of 1.84. Lightspeed Commerce has a 12-month low of $7.83 and a 12-month high of $13.72. The stock’s 50-day moving average price is $10.26 and its 200-day moving average price is $9.90.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $322.70 million during the quarter, compared to analyst estimates of $310.58 million. Lightspeed Commerce had a positive return on equity of 1.06% and a negative net margin of 7.81%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share. Equities research analysts predict that Lightspeed Commerce will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Several large investors have recently added to or reduced their stakes in the stock. Pale Fire Capital SE purchased a new stake in Lightspeed Commerce during the 1st quarter worth approximately $49,500,000. Royal Bank of Canada increased its stake in Lightspeed Commerce by 64.4% during the 1st 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 in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Lightspeed Commerce by 1,221.5% in the first quarter. Renaissance Technologies LLC now owns 406,783 shares of the company’s stock worth $3,645,000 after buying an additional 376,000 shares during the last quarter. Louisbourg Investments Inc. raised its holdings in shares of Lightspeed Commerce by 17.0% in the third quarter. Louisbourg Investments Inc. now owns 676,164 shares of the company’s stock worth $6,624,000 after buying an additional 98,184 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Lightspeed Commerce during the second quarter worth $540,000. 68.68% of the stock is owned by institutional investors.

Lightspeed Commerce Company Profile

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.