Lightspeed Commerce Inc. (NYSE:LSPD) Receives Consensus Rating of "Hold" from Analysts

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) has received a consensus recommendation of "Hold" from the eighteen analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $14.09.

A number of equities research analysts have issued reports on LSPD shares. Morgan Stanley lowered their price target on Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus lowered their price target on Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating for the company in a report on Friday, March 28th. Atb Cap Markets downgraded Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Benchmark decreased their target price on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Finally, Scotiabank decreased their price target on Lightspeed Commerce from $11.00 to $10.00 and set a "sector perform" rating for the company in a report on Friday, May 23rd.

Lightspeed Commerce Price Performance

Lightspeed Commerce stock traded up $0.03 during mid-day trading on Friday, reaching $13.20. The company had a trading volume of 393,104 shares, compared to its average volume of 905,324. Lightspeed Commerce has a 1 year low of $7.34 and a 1 year high of $18.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.36 and a quick ratio of 5.26. The company has a market capitalization of $1.81 billion, a P/E ratio of -3.01, a P/E/G ratio of 4.22 and a beta of 2.48. The stock's 50-day simple moving average is $11.44 and its 200-day simple moving average is $11.57.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The company had revenue of $253.42 million for the quarter, compared to analysts' expectations of $252.51 million. Lightspeed Commerce had a positive return on equity of 0.79% and a negative net margin of 61.96%. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. On average, equities analysts predict that Lightspeed Commerce will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSPD. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Lightspeed Commerce by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,197 shares of the company's stock worth $98,000 after purchasing an additional 1,124 shares during the last quarter. Tempus Wealth Planning LLC bought a new position in shares of Lightspeed Commerce during the 1st quarter valued at $119,000. BIT Capital GmbH bought a new position in shares of Lightspeed Commerce during the 1st quarter valued at $150,000. Bayesian Capital Management LP bought a new position in shares of Lightspeed Commerce during the 4th quarter valued at $165,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Lightspeed Commerce during the 4th quarter valued at $256,000. Institutional investors and hedge funds own 68.68% of the company's stock.

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.