Lightspeed Commerce Inc. (NYSE:LSPD) Receives $19.88 Consensus Price Target from Brokerages

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have earned a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $19.88.

A number of research firms recently weighed in on LSPD. BTIG Research reaffirmed a “buy” rating and set a $21.00 target price on shares of Lightspeed Commerce in a report on Thursday, September 26th. Piper Sandler upped their target price on Lightspeed Commerce from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday. BMO Capital Markets raised their price target on Lightspeed Commerce from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Benchmark boosted their price objective on Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, TD Securities raised their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a research note on Friday, November 8th.

Institutional Trading of Lightspeed Commerce

Several hedge funds and other institutional investors have recently bought and sold shares of LSPD. The Manufacturers Life Insurance Company increased its holdings in Lightspeed Commerce by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 114,808 shares of the company’s stock valued at $1,567,000 after purchasing an additional 2,459 shares during the period. TD Asset Management Inc raised its holdings in shares of Lightspeed Commerce by 0.7% during the second quarter. TD Asset Management Inc now owns 384,137 shares of the company’s stock valued at $5,250,000 after acquiring an additional 2,828 shares in the last quarter. Toronto Dominion Bank lifted its stake in Lightspeed Commerce by 102.8% in the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock worth $94,000 after acquiring an additional 3,482 shares during the period. FMR LLC boosted its holdings in Lightspeed Commerce by 7.1% in the third quarter. FMR LLC now owns 58,971 shares of the company’s stock valued at $972,000 after acquiring an additional 3,900 shares in the last quarter. Finally, Addenda Capital Inc. increased its position in Lightspeed Commerce by 10.5% during the 2nd quarter. Addenda Capital Inc. now owns 44,041 shares of the company’s stock valued at $603,000 after purchasing an additional 4,196 shares during the period. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Price Performance

NYSE LSPD opened at $17.59 on Tuesday. The company has a market cap of $2.67 billion, a PE ratio of -20.62, a price-to-earnings-growth ratio of 7.00 and a beta of 2.35. The company has a quick ratio of 5.94, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $15.14 and its two-hundred day simple moving average is $14.19. Lightspeed Commerce has a 52 week low of $11.01 and a 52 week high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. The company had revenue of $277.18 million for the quarter, compared to analysts’ expectations of $273.90 million. Research analysts predict that Lightspeed Commerce will post 0.05 earnings per share for the current year.

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.