Shares of Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) have earned an average rating of "Hold" from the sixteen analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $11.3214.
Several research analysts have commented on LSPD shares. Scotiabank lowered their price objective on shares of Lightspeed Commerce from $12.00 to $10.00 and set a "sector perform" rating for the company in a research report on Monday, May 25th. BMO Capital Markets cut their target price on Lightspeed Commerce from $13.00 to $12.00 and set an "outperform" rating on the stock in a report on Monday, May 25th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lightspeed Commerce in a research note on Friday, July 17th. Truist Financial dropped their price target on shares of Lightspeed Commerce from $11.00 to $10.00 and set a "hold" rating on the stock in a research report on Thursday, May 28th. Finally, UBS Group decreased their price target on shares of Lightspeed Commerce from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Friday, May 22nd.
Check Out Our Latest Analysis on LSPD
Institutional Investors Weigh In On Lightspeed Commerce
Several institutional investors and hedge funds have recently modified their holdings of LSPD. TD Waterhouse Canada Inc. boosted its stake in 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 purchasing an additional 13,103 shares in the last quarter. Pale Fire Capital SE grew its holdings in shares of Lightspeed Commerce by 4.5% in the second quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company's stock valued at $60,569,000 after purchasing an additional 249,341 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Lightspeed Commerce in the 2nd quarter valued at approximately $540,000. Amundi bought a new stake in Lightspeed Commerce in the first quarter worth about $121,000. Finally, Royal Bank of Canada boosted its stake in shares of Lightspeed Commerce by 64.4% during the first quarter. Royal Bank of Canada now owns 2,226,453 shares of the company's stock valued at $19,950,000 after purchasing an additional 872,131 shares during the period. 68.68% of the stock is owned by hedge funds and other institutional investors.
Lightspeed Commerce Trading Down 0.1%
Shares of LSPD opened at $10.60 on Monday. The stock's 50-day moving average price is $10.21 and its 200 day moving average price is $9.54. 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 firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -15.14, a P/E/G ratio of 1.13 and a beta of 1.88. Lightspeed Commerce has a 12-month low of $7.83 and a 12-month high of $13.72.
Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings data 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. Lightspeed Commerce had a positive return on equity of 1.06% and a negative net margin of 7.81%.The company had revenue of $322.70 million for the quarter, compared to the consensus estimate of $310.58 million. During the same period in the previous year, the business earned $0.06 earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. As a group, research analysts predict that Lightspeed Commerce will post 0.31 earnings per share for the current year.
About Lightspeed Commerce
(
Get Free Report)
Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.
The company's product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.
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