Truist Financial Begins Coverage on Lightspeed Commerce (NYSE:LSPD)

Truist Financial started coverage on shares of Lightspeed Commerce (NYSE:LSPD - Free Report) in a research note released on Monday morning, Marketbeat.com reports. The firm issued a hold rating and a $11.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the stock. Atb Cap Markets cut shares of Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 26th. Wells Fargo & Company dropped their price target on Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. Stifel Nicolaus cut their price objective on Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating for the company in a report on Friday, March 28th. Benchmark lowered their target price on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Finally, UBS Group cut their price target on Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $14.04.

Lightspeed Commerce Stock Up 1.0%

LSPD stock traded up $0.11 during midday trading on Monday, hitting $11.16. The company's stock had a trading volume of 970,874 shares, compared to its average volume of 924,693. The firm's 50-day moving average is $9.74 and its 200-day moving average is $12.79. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 12 month low of $7.34 and a 12 month high of $18.96. The company has a market cap of $1.71 billion, a PE ratio of -13.95, a P/E/G ratio of 3.03 and a beta of 2.49.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. The business had revenue of $253.42 million for the quarter, compared to the consensus estimate of $252.51 million. During the same period in the previous year, the company earned $0.06 earnings per share. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Several hedge funds have recently bought and sold shares of LSPD. Blue Trust Inc. increased its holdings in shares of Lightspeed Commerce by 214.4% in the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock worth $25,000 after purchasing an additional 1,025 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Lightspeed Commerce by 27.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock worth $158,000 after acquiring an additional 2,168 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Lightspeed Commerce during the 4th quarter worth approximately $165,000. Tempus Wealth Planning LLC purchased a new stake in shares of Lightspeed Commerce during the 1st quarter worth approximately $119,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Lightspeed Commerce during the 4th quarter valued at approximately $256,000. Hedge funds and other 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.