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

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have been assigned an average rating of “Hold” from the fourteen research firms that are covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $19.50.

LSPD has been the topic of a number of recent research reports. Benchmark lifted their target price on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective on shares of Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. TD Securities increased their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Wells Fargo & Company dropped their price target on Lightspeed Commerce from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Finally, Barclays cut Lightspeed Commerce from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $20.00 to $18.00 in a research report on Friday, January 10th.

Institutional Trading of Lightspeed Commerce

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. increased its position in Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after purchasing an additional 1,025 shares in the last quarter. Addenda Capital Inc. grew its holdings in shares of Lightspeed Commerce by 2.0% during the fourth quarter. Addenda Capital Inc. now owns 46,609 shares of the company’s stock worth $710,000 after buying an additional 931 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Lightspeed Commerce by 1.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 229,612 shares of the company’s stock worth $3,497,000 after buying an additional 2,231 shares in the last quarter. Barclays PLC raised its position in shares of Lightspeed Commerce by 8,355.1% in the third quarter. Barclays PLC now owns 29,170 shares of the company’s stock valued at $481,000 after buying an additional 28,825 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in shares of Lightspeed Commerce by 153.4% during the third quarter. Toronto Dominion Bank now owns 17,408 shares of the company’s stock valued at $287,000 after buying an additional 10,538 shares during the period. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Lightspeed Commerce Stock Performance

Shares of LSPD stock opened at $14.71 on Friday. The stock’s 50-day moving average is $16.21 and its two-hundred day moving average is $14.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.94 and a current ratio of 6.08. Lightspeed Commerce has a 1 year low of $11.01 and a 1 year high of $20.09. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -16.53 and a beta of 2.44.

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