Lightspeed Commerce (NYSE:LSPD) Earns Hold Rating from Analysts at Truist Financial

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

LSPD has been the topic of a number of other research reports. Royal Bank of Canada dropped their price objective on Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Wells Fargo & Company decreased 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. Atb Cap Markets downgraded shares of Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 26th. Stifel Nicolaus reduced their price target on shares of Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating on the stock in a report on Friday, March 28th. Finally, Benchmark dropped their price objective on shares of Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $14.04.

Lightspeed Commerce Stock Up 2.1%

LSPD traded up $0.23 on Monday, hitting $11.39. 610,746 shares of the company were exchanged, compared to its average volume of 925,029. The firm has a 50-day moving average price of $9.79 and a two-hundred day moving average price of $12.77. 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 twelve month low of $7.34 and a twelve month high of $18.96. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -14.24, a price-to-earnings-growth ratio of 3.03 and a beta of 2.47.

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

Institutional Investors Weigh In On Lightspeed Commerce

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in shares of Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock valued at $25,000 after purchasing an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Lightspeed Commerce by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,197 shares of the company's stock valued at $98,000 after acquiring an additional 1,124 shares during the period. Tempus Wealth Planning LLC acquired a new position in shares of Lightspeed Commerce during the 1st quarter valued at $119,000. BIT Capital GmbH purchased a new stake in Lightspeed Commerce during the 1st quarter worth $150,000. Finally, Bayesian Capital Management LP acquired a new stake in Lightspeed Commerce in the 4th quarter valued at $165,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

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.