Shares of Lightspeed POS Inc. (NASDAQ:LSPD) saw unusually-strong trading volume on Monday after CIBC raised their price target on the stock from C$155.00 to C$195.00. CIBC currently has an outperform rating on the stock. Approximately 127,232 shares traded hands during mid-day trading, a decline of 85% from the previous session's volume of 841,701 shares.The stock last traded at $121.22 and had previously closed at $124.37.
Other equities analysts have also recently issued reports about the company. Piper Sandler started coverage on Lightspeed POS in a report on Wednesday, September 8th. They set an "overweight" rating and a $145.00 price objective on the stock. Credit Suisse Group lifted their price target on Lightspeed POS from $95.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, August 6th. Scotiabank lifted their price target on Lightspeed POS from $81.00 to $83.00 and gave the company a "sector perform" rating in a research report on Tuesday, June 8th. KeyCorp increased their price target on Lightspeed POS from $85.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, July 28th. Finally, Raymond James increased their price target on Lightspeed POS from C$105.00 to C$140.00 and gave the stock an "outperform" rating in a report on Friday, August 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $121.93.
Several large investors have recently bought and sold shares of the stock. FMR LLC increased its position in shares of Lightspeed POS by 1.6% in the 2nd quarter. FMR LLC now owns 6,861,289 shares of the company's stock worth $574,131,000 after purchasing an additional 107,067 shares during the last quarter. Vanguard Group Inc. grew its position in Lightspeed POS by 22.6% in the second quarter. Vanguard Group Inc. now owns 2,458,941 shares of the company's stock worth $205,592,000 after acquiring an additional 453,416 shares in the last quarter. BlackRock Inc. grew its position in Lightspeed POS by 22.9% in the second quarter. BlackRock Inc. now owns 2,303,983 shares of the company's stock worth $192,636,000 after acquiring an additional 429,140 shares in the last quarter. Capital International Investors grew its position in Lightspeed POS by 0.3% in the second quarter. Capital International Investors now owns 1,823,456 shares of the company's stock worth $152,559,000 after acquiring an additional 5,806 shares in the last quarter. Finally, Echo Street Capital Management LLC grew its position in Lightspeed POS by 3.4% in the second quarter. Echo Street Capital Management LLC now owns 1,738,589 shares of the company's stock worth $145,490,000 after acquiring an additional 57,056 shares in the last quarter. Institutional investors and hedge funds own 53.80% of the company's stock.
The company has a current ratio of 4.91, a quick ratio of 4.88 and a debt-to-equity ratio of 0.03. The company's fifty day moving average is $98.60 and its 200-day moving average is $79.89. The firm has a market capitalization of $15.88 billion and a P/E ratio of -91.43.
Lightspeed POS (NASDAQ:LSPD) last released its earnings results on Thursday, August 5th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.16) by $0.11. Lightspeed POS had a negative net margin of 50.92% and a negative return on equity of 3.07%. The firm had revenue of $115.92 million during the quarter, compared to analysts' expectations of $92.13 million. On average, equities research analysts anticipate that Lightspeed POS Inc. will post -0.54 EPS for the current year.
About Lightspeed POS (NASDAQ:LSPD)
Lightspeed POS Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.
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