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

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have earned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $20.07.

A number of research firms have issued reports on LSPD. Benchmark lifted their price objective on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, November 8th. BTIG Research reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Lightspeed Commerce in a research report on Thursday, September 26th. JPMorgan Chase & Co. increased their price objective on shares of Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Piper Sandler boosted 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, November 11th. Finally, Royal Bank of Canada raised Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a report on Friday, November 8th.

Institutional Investors Weigh In On Lightspeed Commerce

Hedge funds and other institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank grew its position in shares of Lightspeed Commerce by 102.8% in the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock valued at $94,000 after purchasing an additional 3,482 shares in the last quarter. Headlands Technologies LLC purchased a new position in Lightspeed Commerce during the 2nd quarter valued at about $181,000. Aigen Investment Management LP bought a new stake in shares of Lightspeed Commerce during the third quarter valued at about $225,000. Polar Asset Management Partners Inc. bought a new stake in shares of Lightspeed Commerce during the third quarter valued at about $412,000. Finally, Algert Global LLC purchased a new stake in shares of Lightspeed Commerce in the third quarter worth about $448,000. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Trading Down 0.1 %

NYSE:LSPD opened at $15.72 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. Lightspeed Commerce has a one year low of $11.01 and a one year high of $20.09. The company has a market cap of $2.39 billion, a PE ratio of -17.66 and a beta of 2.40. The firm has a 50-day moving average of $16.61 and a 200-day moving average of $14.84.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $277.18 million during the quarter, compared to analyst estimates of $273.90 million. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. As a group, equities research analysts expect that Lightspeed Commerce will post -0.02 EPS 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.