Brokerages Set Lightspeed Commerce Inc. (NYSE:LSPD) Target Price at $14.23

Shares of Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) have earned an average rating of "Hold" from the seventeen brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.23.

Several research firms have issued reports on LSPD. Stifel Nicolaus cut their price objective on Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating for the company in a research report on Friday, March 28th. Atb Cap Markets downgraded shares of Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 26th. Piper Sandler reduced their price objective on shares of Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Royal Bank of Canada lowered their target price on shares of Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $9.00 price target (down from $10.00) on shares of Lightspeed Commerce in a research report on Monday, April 14th.

Institutional Investors Weigh In On Lightspeed Commerce

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Lightspeed Commerce by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,372,421 shares of the company's stock worth $47,004,000 after acquiring an additional 39,115 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lightspeed Commerce by 37,065.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company's stock worth $63,688,000 after purchasing an additional 4,170,557 shares during the last quarter. Wishbone Management LP purchased a new stake in shares of Lightspeed Commerce in the first quarter valued at $32,156,000. Nuveen Asset Management LLC increased its stake in Lightspeed Commerce by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company's stock valued at $48,009,000 after purchasing an additional 24,891 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Lightspeed Commerce by 151.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company's stock worth $18,803,000 after buying an additional 1,295,469 shares during the period. 68.68% of the stock is owned by institutional investors and hedge funds.

Lightspeed Commerce Stock Performance

Lightspeed Commerce stock traded down $0.19 during trading hours on Friday, reaching $10.49. 531,189 shares of the stock were exchanged, compared to its average volume of 919,221. Lightspeed Commerce has a 52-week low of $7.34 and a 52-week high of $18.96. The stock has a market cap of $1.60 billion, a P/E ratio of -13.11, a P/E/G ratio of 3.03 and a beta of 2.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The firm's 50 day moving average is $9.70 and its 200 day moving average is $12.88.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. The firm had revenue of $253.42 million for the quarter, compared to analysts' expectations of $252.51 million. During the same period in the prior year, the company earned $0.06 earnings per share. The company's revenue for the quarter was up 10.1% on a year-over-year basis. Analysts predict that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Lightspeed Commerce Company Profile

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.