Lightspeed Commerce (NYSE:LSPD) Shares Up 4.6% - Should You Buy?

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report)'s share price was up 4.6% on Friday . The stock traded as high as $10.32 and last traded at $10.34. Approximately 323,049 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 936,467 shares. The stock had previously closed at $9.88.

Wall Street Analyst Weigh In

LSPD has been the subject of several research analyst reports. Barclays decreased their price objective on Lightspeed Commerce from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. UBS Group decreased their price target on Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a report on Friday, February 7th. Morgan Stanley dropped their price target on shares of Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Atb Cap Markets lowered Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, Piper Sandler reduced their price target on Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $14.23.

Lightspeed Commerce Price Performance

The company has a market capitalization of $1.62 billion, a PE ratio of -13.21, a PEG ratio of 3.03 and a beta of 2.49. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. The company's 50 day moving average price is $9.67 and its 200-day moving average price is $13.03.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its earnings results on Thursday, May 22nd. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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 11.75% and a positive return on equity of 0.61%. The firm's revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. On average, sell-side analysts forecast that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Lightspeed Commerce

A number of hedge funds and other institutional investors have recently made changes to their positions in LSPD. CIBC Asset Management Inc boosted its position in shares of Lightspeed Commerce by 0.4% in the fourth quarter. CIBC Asset Management Inc now owns 172,182 shares of the company's stock worth $2,620,000 after buying an additional 679 shares during the period. Blue Trust Inc. boosted its stake in Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock valued at $25,000 after purchasing an additional 1,025 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Lightspeed Commerce by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,197 shares of the company's stock worth $98,000 after buying an additional 1,124 shares during the last quarter. PNC Financial Services Group Inc. grew its position 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 last quarter. Finally, Scotia Capital Inc. increased 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 valued at $293,000 after buying an additional 2,053 shares during the period. 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.