Lightspeed Commerce Inc. (NYSE:LSPD) Receives $14.04 Consensus Price Target from Analysts

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) has been given an average rating of "Hold" by the eighteen research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $14.04.

LSPD has been the subject of a number of research reports. Truist Financial began coverage on shares of Lightspeed Commerce in a research note on Monday, June 2nd. They set a "hold" rating and a $11.00 target price for the company. Benchmark cut their price objective on shares of Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Stifel Nicolaus decreased their target price on shares of Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating on the stock in a report on Friday, March 28th. Royal Bank Of Canada dropped their target price on shares of Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Finally, National Bankshares reduced their price target on shares of Lightspeed Commerce from $15.00 to $13.10 and set a "sector perform" rating on the stock in a research report on Friday, April 25th.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock traded down $0.13 during midday trading on Wednesday, hitting $11.50. The company had a trading volume of 754,468 shares, compared to its average volume of 922,999. 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 stock has a market cap of $1.68 billion, a PE ratio of -2.62, a P/E/G ratio of 3.64 and a beta of 2.47. The business's 50 day simple moving average is $10.69 and its two-hundred day simple moving average is $12.01. Lightspeed Commerce has a 1-year low of $7.34 and a 1-year high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its quarterly earnings data 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). Lightspeed Commerce had a negative net margin of 61.96% and a positive return on equity of 0.79%. The company had revenue of $253.42 million for the quarter, compared to the consensus estimate of $252.51 million. During the same period in the previous year, the business posted $0.06 earnings per share. The firm's revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts predict that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Lightspeed Commerce

Several large investors have recently bought and sold shares of LSPD. Arrowstreet Capital Limited Partnership boosted its position in Lightspeed Commerce by 37,065.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company's stock worth $63,688,000 after buying an additional 4,170,557 shares during the period. Wishbone Management LP acquired a new position in Lightspeed Commerce in the 1st quarter valued at approximately $32,156,000. Ameriprise Financial Inc. bought a new position in shares of Lightspeed Commerce during the fourth quarter valued at $24,334,000. Goldman Sachs Group Inc. lifted its holdings in shares of 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, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Lightspeed Commerce by 266.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company's stock worth $20,660,000 after purchasing an additional 986,100 shares during the last quarter. 68.68% of the stock is currently owned by institutional investors.

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.