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

Shares of Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) have received a consensus rating of "Hold" from the eighteen ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $14.04.

Several brokerages recently weighed in on LSPD. Barclays reduced their price target on Lightspeed Commerce from $13.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Scotiabank decreased their target price on shares of Lightspeed Commerce from $11.00 to $10.00 and set a "sector perform" rating for the company in a research note on Friday, May 23rd. JPMorgan Chase & Co. restated an "underweight" rating and set a $9.00 price target (down previously from $10.00) on shares of Lightspeed Commerce in a research report on Monday, April 14th. Atb Cap Markets cut shares of Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, BMO Capital Markets lowered their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th.

Hedge Funds Weigh In On Lightspeed Commerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anson Funds Management LP purchased a new position in shares of Lightspeed Commerce during the 1st quarter worth $876,000. Palogic Value Management L.P. increased its position in Lightspeed Commerce by 179.3% during the first quarter. Palogic Value Management L.P. now owns 240,000 shares of the company's stock worth $2,100,000 after purchasing an additional 154,071 shares during the last quarter. Wishbone Management LP purchased a new position in Lightspeed Commerce during the first quarter worth about $32,156,000. Goldman Sachs Group Inc. raised its stake 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 purchasing an additional 1,295,469 shares during the period. Finally, Invenomic Capital Management LP purchased a new stake in shares of Lightspeed Commerce during the 1st quarter valued at approximately $1,963,000. Institutional investors and hedge funds own 68.68% of the company's stock.

Lightspeed Commerce Stock Performance

LSPD traded down $0.40 during trading on Wednesday, reaching $11.36. 418,695 shares of the company's stock were exchanged, compared to its average volume of 919,713. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.36 and a quick ratio of 5.26. Lightspeed Commerce has a 1 year low of $7.34 and a 1 year high of $18.96. The company's fifty day simple moving average is $10.56 and its 200-day simple moving average is $12.12. The stock has a market capitalization of $1.66 billion, a P/E ratio of -2.59, a price-to-earnings-growth ratio of 3.21 and a beta of 2.47.

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