Lightspeed Commerce Inc. (LSPD) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst sentiment is mixed but averages to “Hold”: Of 16 firms covering Lightspeed, nine rate it Hold, four Buy and three Sell; the average 12-month price target is $11.35.
• Quarterly results slightly beat expectations: Lightspeed reported EPS of $0.17 versus the $0.16 consensus, while revenue grew 1.5% year over year. Its net margin remained negative at 7.81%.
• Shares opened at $10.29, within a 52-week range of $7.83 to $13.72. Institutional investors and hedge funds own 68.68% of the stock, and several named investors recently increased their holdings.

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) has been given an average recommendation of "Hold" by the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $11.35.

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada boosted their price target on Lightspeed Commerce from $10.00 to $13.00 and gave the company an "outperform" rating in a research note on Monday, August 31st. JPMorgan Chase & Co. boosted their price target on Lightspeed Commerce from $11.00 to $12.00 and gave the stock an "underweight" rating in a research note on Friday, July 31st. Truist Financial upped their price objective on Lightspeed Commerce from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Friday, October 23rd. Morgan Stanley cut their price objective on shares of Lightspeed Commerce from $11.50 to $9.50 and set an "equal weight" rating on the stock in a research report on Monday, September 28th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Lightspeed Commerce in a research report on Thursday, October 15th.

Lightspeed Commerce Trading Down 1.5%

NYSE LSPD opened at $10.29 on Friday. Lightspeed Commerce has a one year low of $7.83 and a one year high of $13.72. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -21.01, a price-to-earnings-growth ratio of 1.74 and a beta of 1.85. The company's 50-day simple moving average is $10.34 and its two-hundred day simple moving average is $9.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.45 and a current ratio of 3.55.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. Lightspeed Commerce had a positive return on equity of 1.06% and a negative net margin of 7.81%. During the same quarter in the previous year, the business posted $0.16 earnings per share. The firm's revenue was up 1.5% compared to the same quarter last year. Equities analysts forecast that Lightspeed Commerce will post 0.21 EPS for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Several institutional investors have recently bought and sold shares of LSPD. Pale Fire Capital SE grew its holdings in Lightspeed Commerce by 4.5% in the second quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company's stock valued at $60,569,000 after purchasing an additional 249,341 shares during the last quarter. Royal Bank of Canada boosted its stake in Lightspeed Commerce by 64.4% during the 1st quarter. Royal Bank of Canada now owns 2,226,453 shares of the company's stock worth $19,950,000 after acquiring an additional 872,131 shares during the last quarter. Louisbourg Investments Inc. raised its stake in Lightspeed Commerce by 17.0% in the third quarter. Louisbourg Investments Inc. now owns 676,164 shares of the company's stock valued at $6,624,000 after buying an additional 98,184 shares during the period. Renaissance Technologies LLC raised its position in Lightspeed Commerce by 1,221.5% in the first quarter. Renaissance Technologies LLC now owns 406,783 shares of the company's stock valued at $3,645,000 after purchasing an additional 376,000 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in Lightspeed Commerce by 28.3% during the second quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company's stock worth $642,000 after buying an additional 13,103 shares during the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

About Lightspeed Commerce

Lightspeed Commerce Inc is a cloud-based commerce technology company that provides point-of-sale and business management software for small and midsized businesses. Its platform is designed for retailers, restaurants, hospitality operators and golf businesses, helping them manage sales, payments, inventory, customer relationships and day-to-day operations through integrated digital tools.

Lightspeed's products include point-of-sale systems, payment processing, e-commerce capabilities, inventory and order management, analytics, accounting integrations, customer loyalty features and tools for managing restaurants and golf courses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.