Research Analysts Set Expectations for Lightspeed Commerce Inc.'s Q4 2024 Earnings (NYSE:LSPD)

Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) - Investment analysts at National Bank Financial issued their Q4 2024 EPS estimates for Lightspeed Commerce in a research report issued to clients and investors on Wednesday, April 17th. National Bank Financial analyst R. Tse anticipates that the company will post earnings per share of ($0.17) for the quarter. National Bank Financial has a "Sector Perform Market Weight" rating on the stock. The consensus estimate for Lightspeed Commerce's current full-year earnings is ($0.50) per share.

Several other research analysts also recently commented on LSPD. BTIG Research lifted their price target on shares of Lightspeed Commerce from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, December 28th. JPMorgan Chase & Co. decreased their price target on shares of Lightspeed Commerce from $19.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, February 9th. Wells Fargo & Company decreased their price target on shares of Lightspeed Commerce from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, February 9th. Truist Financial lifted their price target on shares of Lightspeed Commerce from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Friday, January 12th. Finally, Scotiabank decreased their price target on shares of Lightspeed Commerce from $22.00 to $20.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 9th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $18.74.

Lightspeed Commerce Price Performance

LSPD traded down $0.05 on Friday, reaching $12.94. The company had a trading volume of 526,209 shares, compared to its average volume of 1,349,414. The business has a 50 day simple moving average of $13.67 and a 200 day simple moving average of $15.70. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -9.58 and a beta of 2.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.09 and a current ratio of 6.21. Lightspeed Commerce has a 52-week low of $12.23 and a 52-week high of $21.71.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its earnings results on Thursday, February 8th. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.12. The business had revenue of $239.70 million for the quarter, compared to the consensus estimate of $236.31 million. Lightspeed Commerce had a negative net margin of 23.85% and a negative return on equity of 2.68%.

Institutional Trading of Lightspeed Commerce

Several large investors have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership boosted its holdings in Lightspeed Commerce by 13.4% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,297,686 shares of the company's stock valued at $111,232,000 after acquiring an additional 627,796 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Lightspeed Commerce by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 5,037,088 shares of the company's stock valued at $105,728,000 after acquiring an additional 98,587 shares in the last quarter. Royal Bank of Canada boosted its holdings in Lightspeed Commerce by 249.8% in the first quarter. Royal Bank of Canada now owns 3,280,715 shares of the company's stock valued at $99,964,000 after acquiring an additional 2,342,867 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Lightspeed Commerce in the fourth quarter valued at $65,494,000. Finally, Wellington Management Group LLP boosted its holdings in Lightspeed Commerce by 19.0% in the third quarter. Wellington Management Group LLP now owns 2,674,070 shares of the company's stock valued at $37,517,000 after acquiring an additional 427,320 shares in the last quarter. Institutional investors own 68.68% of the company's stock.

About Lightspeed Commerce

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.