Lightspeed Commerce Inc. (NYSE:LSPD) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $20.07.

Several analysts recently commented on the stock. Jefferies Financial Group dropped their price target on shares of Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Benchmark raised their price target on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Piper Sandler lifted their target price on shares of Lightspeed Commerce from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. TD Securities lifted their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th.

Lightspeed Commerce Trading Up 1.3 %

Shares of Lightspeed Commerce stock opened at $17.31 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. The firm has a fifty day moving average price of $16.55 and a 200 day moving average price of $14.66. Lightspeed Commerce has a 1 year low of $11.01 and a 1 year high of $21.71. The stock has a market cap of $2.63 billion, a PE ratio of -19.44 and a beta of 2.40.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $277.18 million for the quarter, compared to analyst estimates of $273.90 million. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. Equities research analysts predict that Lightspeed Commerce will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank raised its stake in Lightspeed Commerce by 102.8% during the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock worth $94,000 after purchasing an additional 3,482 shares during the period. Headlands Technologies LLC purchased a new position in Lightspeed Commerce during the second quarter worth about $181,000. Aigen Investment Management LP purchased a new position in Lightspeed Commerce during the third quarter worth about $225,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Lightspeed Commerce in the 3rd quarter valued at approximately $412,000. Finally, Algert Global LLC purchased a new stake in shares of Lightspeed Commerce in the 3rd quarter valued at approximately $448,000. 68.68% of the stock is owned by hedge funds and other institutional investors.

Lightspeed Commerce Company Profile

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.