Lightspeed Commerce Inc. (NYSE:LSPD) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have been assigned a consensus rating of “Hold” from the eighteen research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $18.59.

A number of research firms recently weighed in on LSPD. JPMorgan Chase & Co. dropped their price target on shares of Lightspeed Commerce from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. TD Securities lowered their target price on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of Lightspeed Commerce in a research note on Thursday, September 26th. Jefferies Financial Group lowered their target price on shares of Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company lowered their target price on shares of Lightspeed Commerce from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 31st.

Institutional Trading of Lightspeed Commerce

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Lightspeed Commerce by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,099,482 shares of the company’s stock worth $71,699,000 after purchasing an additional 62,394 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in Lightspeed Commerce in the 1st quarter worth about $34,984,000. Dimensional Fund Advisors LP raised its stake in Lightspeed Commerce by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,205,168 shares of the company’s stock worth $30,189,000 after purchasing an additional 64,944 shares in the last quarter. Bank of Montreal Can raised its stake in Lightspeed Commerce by 4.9% in the 2nd quarter. Bank of Montreal Can now owns 2,059,914 shares of the company’s stock worth $28,281,000 after purchasing an additional 95,832 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Lightspeed Commerce by 306.5% in the 2nd quarter. Marshall Wace LLP now owns 807,219 shares of the company’s stock worth $11,051,000 after purchasing an additional 608,661 shares in the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Trading Down 1.5 %

Shares of NYSE LSPD opened at $15.72 on Friday. Lightspeed Commerce has a 1-year low of $11.01 and a 1-year high of $21.71. The company has a market cap of $2.41 billion, a PE ratio of -14.69, a P/E/G ratio of 10.07 and a beta of 2.34. The company has a current ratio of 6.19, a quick ratio of 6.06 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $14.04 and a two-hundred day moving average of $13.89.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $266.10 million during the quarter, compared to the consensus estimate of $258.58 million. Lightspeed Commerce had a negative net margin of 15.55% and a negative return on equity of 0.99%. Lightspeed Commerce’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) earnings per share. As a group, equities analysts expect that Lightspeed Commerce will post 0.05 earnings per share for the current fiscal year.

About Lightspeed Commerce

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.