Lightspeed Commerce Inc. (NYSE:LSPD) Stock Has Consensus Target Price of $11.27 According to Brokerages

Key Points

• Analyst consensus is “Hold” for Lightspeed Commerce, with 9 hold, 4 buy and 3 sell ratings. The average 12-month price target is $11.27, modestly above the stock’s reported $10.74 price.
• Recent analyst actions were mixed: JPMorgan raised its target to $12 while maintaining an underweight rating, Morgan Stanley cut its target to $9.50, and RBC increased its target to $13 with an outperform rating.
• Lightspeed exceeded quarterly expectations, reporting adjusted EPS of $0.13 versus a $0.11 estimate and revenue of $322.7 million versus $310.58 million. Revenue increased 5.8% year over year, though the company still posted a negative net margin of 7.81%.

Shares of Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) have earned an average rating of "Hold" from the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $11.27.

Several analysts have issued reports on the company. JPMorgan Chase & Co. increased their target price on Lightspeed Commerce from $11.00 to $12.00 and gave the company an "underweight" rating in a research report on Friday, July 31st. Weiss Ratings reissued a "sell (d-)" rating on shares of Lightspeed Commerce in a research report on Friday, July 17th. Morgan Stanley decreased their price objective on Lightspeed Commerce from $11.50 to $9.50 and set an "equal weight" rating for the company in a research note on Monday, September 28th. Finally, Royal Bank Of Canada upped their price objective on Lightspeed Commerce from $10.00 to $13.00 and gave the stock an "outperform" rating in a research note on Monday, August 31st.

Hedge Funds Weigh In On Lightspeed Commerce

A number of large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new stake in shares of Lightspeed Commerce in the 2nd quarter valued at about $128,000. TD Waterhouse Canada Inc. grew its position in shares of Lightspeed Commerce by 28.3% in the 2nd 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. Pale Fire Capital SE grew its position in shares of Lightspeed Commerce by 4.5% in the 2nd quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company's stock worth $60,569,000 after buying an additional 249,341 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Lightspeed Commerce in the 2nd quarter worth approximately $540,000. Finally, Amundi bought a new position in shares of Lightspeed Commerce during the 1st quarter worth approximately $121,000. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Price Performance

Shares of LSPD opened at $10.74 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.45 and a current ratio of 3.55. The company has a 50 day moving average price of $10.20 and a 200-day moving average price of $9.77. Lightspeed Commerce has a fifty-two week low of $7.83 and a fifty-two week high of $13.72. The stock has a market capitalization of $1.48 billion, a PE ratio of -15.35, a PEG ratio of 1.53 and a beta of 1.84.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $322.70 million for 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%. Lightspeed Commerce's revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. Equities analysts predict that Lightspeed Commerce will post 0.23 earnings per share for the current fiscal year.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Montreal-based technology company that provides cloud commerce software for small and mid-sized 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 point-of-sale systems.

Lightspeed's products include retail and restaurant point-of-sale software, payment processing, e-commerce capabilities, inventory and supplier management, appointment and table-management tools, analytics, employee management and customer loyalty features.

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