Lightspeed Commerce (NYSE:LSPD) Shares Gap Down - Here's Why

Key Points

• Lightspeed Commerce shares fell sharply, opening at $10.12 versus the prior close of $11.56 and later trading near $9.99; the article does not identify a specific catalyst for the drop.
• Analyst views are mixed, but the consensus rating is Hold, with an average price target of $11.35. Ratings include four Buys, nine Holds, and three Sells.
• The company narrowly beat quarterly EPS estimates, reporting $0.17 versus $0.16 expected, while revenue rose 1.5% year over year; it still posted a negative net margin of 7.81%.

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) shares gapped down before the market opened on Thursday. The stock had previously closed at $11.56, but opened at $10.12. Lightspeed Commerce shares last traded at $9.9910, with a volume of 130,800 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LSPD. JPMorgan Chase & Co. increased their price objective on Lightspeed Commerce from $11.00 to $12.00 and gave the company an "underweight" rating in a report on Friday, July 31st. Royal Bank Of Canada boosted their target price on Lightspeed Commerce from $10.00 to $13.00 and gave the stock an "outperform" rating in a report on Monday, August 31st. Morgan Stanley decreased their target price on Lightspeed Commerce from $11.50 to $9.50 and set an "equal weight" rating for the company in a research report on Monday, September 28th. Truist Financial increased their price target on Lightspeed Commerce from $10.00 to $11.00 and gave the company a "hold" rating in a report on Friday, October 23rd. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lightspeed Commerce in a research note on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Lightspeed Commerce presently has a consensus rating of "Hold" and an average target price of $11.35.

Lightspeed Commerce Stock Performance

The firm has a market cap of $1.29 billion, a P/E ratio of -14.23, a PEG ratio of 1.71 and a beta of 1.85. The company has a quick ratio of 3.45, a current ratio of 3.55 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $10.36 and a 200-day moving average of $9.85.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The business's revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. Research analysts predict that Lightspeed Commerce Inc. will post 0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Several large investors have recently bought and sold shares of the company. Louisbourg Investments Inc. increased its position in shares of Lightspeed Commerce by 17.0% during the third quarter. Louisbourg Investments Inc. now owns 676,164 shares of the company's stock worth $6,624,000 after acquiring an additional 98,184 shares in the last quarter. Pale Fire Capital SE lifted its holdings in shares of Lightspeed Commerce by 4.5% in the second quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company's stock valued at $60,569,000 after purchasing an additional 249,341 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Lightspeed Commerce by 1,221.5% during the first quarter. Renaissance Technologies LLC now owns 406,783 shares of the company's stock worth $3,645,000 after buying an additional 376,000 shares during the period. Royal Bank of Canada boosted its position in shares of Lightspeed Commerce by 64.4% during the first quarter. Royal Bank of Canada now owns 2,226,453 shares of the company's stock worth $19,950,000 after buying an additional 872,131 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Lightspeed Commerce during the second quarter worth about $540,000. Institutional investors own 68.68% of the company's stock.

About Lightspeed Commerce

Lightspeed Commerce Inc is a cloud-based commerce technology company that provides point-of-sale and business management software for small and midsized businesses. Its platform is designed for retailers, restaurants, hospitality operators and golf businesses, helping them manage sales, payments, inventory, customer relationships and day-to-day operations through integrated digital tools.

Lightspeed's products include point-of-sale systems, payment processing, e-commerce capabilities, inventory and order management, analytics, accounting integrations, customer loyalty features and tools for managing restaurants and golf courses.

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