Lightspeed Commerce Inc. (NYSE:LSPD) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Lightspeed Commerce, with three sell, nine hold and four buy ratings. The average 12-month price target is $11.54, though several firms recently lowered their targets.
• Shares opened at $9.50, down 1.6%, with a 52-week range of $7.83 to $13.72 and a market capitalization of approximately $1.31 billion.
• Lightspeed exceeded quarterly expectations, reporting $0.13 in EPS versus $0.11 estimated and revenue of $322.7 million versus $310.6 million expected. Revenue rose 5.8% year over year, while institutional investors own 68.68% of the stock.

Shares of Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) have earned an average rating of "Hold" from the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $11.5357.

LSPD has been the subject of a number of research reports. Morgan Stanley reduced their price objective on Lightspeed Commerce from $13.50 to $11.50 and set an "equal weight" rating for the company in a research report on Friday, May 22nd. Benchmark dropped their target price on Lightspeed Commerce from $18.00 to $16.00 and set a "buy" rating on the stock in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lightspeed Commerce in a research report on Friday, July 17th. National Bank Financial lowered their price objective on shares of Lightspeed Commerce from $15.00 to $11.00 and set a "sector perform" rating on the stock in a research note on Wednesday, May 27th. Finally, Scotiabank dropped their price objective on shares of Lightspeed Commerce from $12.00 to $10.00 and set a "sector perform" rating on the stock in a report on Monday, May 25th.

Lightspeed Commerce Stock Down 1.6%

Shares of Lightspeed Commerce stock opened at $9.50 on Friday. Lightspeed Commerce has a twelve month low of $7.83 and a twelve month high of $13.72. The company has a quick ratio of 3.45, a current ratio of 3.55 and a debt-to-equity ratio of 0.01. The company's 50 day moving average is $10.30 and its 200 day moving average is $9.68. The company has a market cap of $1.31 billion, a price-to-earnings ratio of -13.57, a price-to-earnings-growth ratio of 1.39 and a beta of 1.84.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. The business had revenue of $322.70 million during the quarter, compared to analyst estimates of $310.58 million. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. Research analysts anticipate that Lightspeed Commerce will post 0.23 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LSPD. Pale Fire Capital SE purchased a new position in shares of Lightspeed Commerce in the first quarter valued at about $49,500,000. Royal Bank of Canada lifted its holdings in Lightspeed Commerce by 64.4% in the 1st quarter. Royal Bank of Canada now owns 2,226,453 shares of the company's stock worth $19,950,000 after purchasing an additional 872,131 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Lightspeed Commerce by 1,221.5% in the 1st quarter. Renaissance Technologies LLC now owns 406,783 shares of the company's stock worth $3,645,000 after purchasing an additional 376,000 shares during the period. Hillsdale Investment Management Inc. bought a new position in Lightspeed Commerce in the 4th quarter worth approximately $3,953,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Lightspeed Commerce during the 2nd quarter valued at approximately $540,000. Hedge funds and other institutional investors own 68.68% of the company's stock.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Montreal-based commerce technology company that provides cloud-based point-of-sale and business management software for small and mid-sized businesses. Its platform is designed for retailers, restaurants, golf operators and other location-based businesses, helping them manage transactions, inventory, customers and day-to-day operations through integrated digital tools.

Lightspeed's products include point-of-sale systems, payment processing, inventory and order management, e-commerce capabilities, customer loyalty and marketing tools, analytics, and integrations with accounting and other business applications.

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