Lightspeed Commerce Inc. (NYSE:LSPD) Given Consensus Recommendation of "Hold" by Analysts

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) has been given a consensus rating of "Hold" by the seventeen research firms that are covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $18.97.

Several equities research analysts have recently issued reports on the stock. TD Securities downgraded shares of Lightspeed Commerce from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $25.00 to $17.50 in a research report on Friday, February 9th. National Bank Financial downgraded shares of Lightspeed Commerce from an "outperform market weight" rating to a "sector perform market weight" rating in a research report on Thursday, February 8th. BMO Capital Markets reduced their target price on shares of Lightspeed Commerce from $21.00 to $19.00 and set an "outperform" rating for the company in a report on Friday, February 9th. Scotiabank reduced their target price on shares of Lightspeed Commerce from $22.00 to $20.00 and set a "sector outperform" rating for the company in a report on Friday, February 9th. Finally, National Bankshares cut shares of Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $25.00 to $20.00 in a report on Friday, February 9th.

Institutional Trading of Lightspeed Commerce

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its stake in shares of Lightspeed Commerce by 112.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,299 shares of the company's stock worth $40,000 after buying an additional 688 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Lightspeed Commerce by 8,464.3% during the 1st quarter. Captrust Financial Advisors now owns 2,398 shares of the company's stock worth $73,000 after buying an additional 2,370 shares during the last quarter. Advisors Asset Management Inc. increased its position in Lightspeed Commerce by 164.7% during the first quarter. Advisors Asset Management Inc. now owns 3,341 shares of the company's stock worth $102,000 after acquiring an additional 2,079 shares during the period. Tower Research Capital LLC TRC increased its position in Lightspeed Commerce by 2,570.7% during the third quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company's stock worth $56,000 after acquiring an additional 3,856 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in Lightspeed Commerce during the third quarter worth about $67,000. Institutional investors and hedge funds own 68.68% of the company's stock.

Lightspeed Commerce Trading Up 0.9 %

NYSE:LSPD traded up $0.12 during trading hours on Monday, hitting $14.18. The stock had a trading volume of 1,167,930 shares, compared to its average volume of 1,443,835. Lightspeed Commerce has a one year low of $12.23 and a one year high of $21.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.09 and a current ratio of 6.21. The company has a market cap of $2.17 billion, a price-to-earnings ratio of -10.50 and a beta of 2.37. The business's 50 day moving average is $14.94 and its 200-day moving average is $15.79.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.12. Lightspeed Commerce had a negative net margin of 23.85% and a negative return on equity of 2.68%. The company had revenue of $239.70 million during the quarter, compared to the consensus estimate of $236.31 million. Sell-side analysts anticipate that Lightspeed Commerce will post -0.5 EPS 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.