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

Shares of Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) have been given an average recommendation of "Hold" by the eighteen brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.29.

LSPD has been the topic of several recent analyst reports. UBS Group cut their target price on Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating on the stock in a research note on Friday, February 7th. Scotiabank downgraded Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $17.00 to $11.00 in a research note on Monday, April 28th. Wells Fargo & Company cut their target price on Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. Bank of America cut their target price on Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th. Finally, Royal Bank of Canada cut their target price on Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th.

Hedge Funds Weigh In On Lightspeed Commerce

A number of institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc raised its holdings in Lightspeed Commerce by 0.4% in the 4th quarter. CIBC Asset Management Inc now owns 172,182 shares of the company's stock worth $2,620,000 after purchasing an additional 679 shares during the period. Addenda Capital Inc. raised its holdings in Lightspeed Commerce by 2.0% in the 4th quarter. Addenda Capital Inc. now owns 46,609 shares of the company's stock worth $710,000 after purchasing an additional 931 shares during the period. Blue Trust Inc. raised its holdings in Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock worth $25,000 after purchasing an additional 1,025 shares during the period. PNC Financial Services Group Inc. raised its holdings in Lightspeed Commerce by 5.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company's stock worth $370,000 after purchasing an additional 1,276 shares during the period. Finally, Scotia Capital Inc. raised its holdings in Lightspeed Commerce by 12.0% in the 4th quarter. Scotia Capital Inc. now owns 19,225 shares of the company's stock worth $293,000 after purchasing an additional 2,053 shares during the period. 68.68% of the stock is owned by institutional investors.

Lightspeed Commerce Stock Down 1.4%

Shares of Lightspeed Commerce stock traded down $0.14 during midday trading on Tuesday, hitting $9.90. The company had a trading volume of 778,683 shares, compared to its average volume of 988,682. 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 stock has a market capitalization of $1.51 billion, a P/E ratio of -12.37, a P/E/G ratio of 3.03 and a beta of 2.49. The company has a 50 day moving average of $9.72 and a 200 day moving average of $13.42. Lightspeed Commerce has a 52-week low of $7.34 and a 52-week high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. On average, equities analysts predict that Lightspeed Commerce will post 0.08 earnings per share 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.