Lightspeed Commerce Inc. (NYSE:LSPD) Given Consensus Rating of “Moderate Buy” by Analysts

Lightspeed Commerce Inc. (NYSE:LSPD) has been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given 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 $18.39.

LSPD has been the topic of several research reports. UBS Group cut their price objective on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Scotiabank cut their price objective on Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 7th. TD Securities lifted their price objective on Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Benchmark lifted their price objective on Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Bank of America initiated coverage on Lightspeed Commerce in a research report on Wednesday. They set a “buy” rating and a $20.00 price objective on the stock.

Lightspeed Commerce Stock Down 0.5 %

Shares of NYSE:LSPD opened at $13.66 on Thursday. Lightspeed Commerce has a 1 year low of $11.01 and a 1 year high of $18.96. The company has a market cap of $2.07 billion, a PE ratio of -17.07, a P/E/G ratio of 3.06 and a beta of 2.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The stock’s 50-day moving average is $14.83 and its 200 day moving average is $15.01.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. Sell-side analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its position in Lightspeed Commerce by 29.1% in the 3rd quarter. State Street Corp now owns 353,472 shares of the company’s stock valued at $5,829,000 after acquiring an additional 79,696 shares in the last quarter. Intact Investment Management Inc. lifted its position in Lightspeed Commerce by 10,117.5% in the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock valued at $14,473,000 after acquiring an additional 869,090 shares in the last quarter. Verition Fund Management LLC bought a new position in Lightspeed Commerce in the 3rd quarter valued at approximately $499,000. Westfield Capital Management Co. LP lifted its position in Lightspeed Commerce by 30.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock valued at $54,838,000 after acquiring an additional 766,688 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Lightspeed Commerce by 226.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,500 shares of the company’s stock valued at $6,108,000 after acquiring an additional 256,900 shares in the last quarter. 68.68% of the stock is owned by institutional investors.

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.