Lightspeed Commerce (LSPD) Set to Announce Earnings on Thursday

Lightspeed Commerce (NYSE:LSPDGet Free Report) will announce its earnings results before the market opens on Thursday, February 8th. Analysts expect the company to announce earnings of $0.02 per share for the quarter.

Lightspeed Commerce (NYSE:LSPDGet Free Report) last released its quarterly earnings results on Thursday, November 2nd. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.09. Lightspeed Commerce had a negative return on equity of 3.55% and a negative net margin of 120.71%. The business had revenue of $230.27 million for the quarter, compared to the consensus estimate of $214.59 million. On average, analysts expect Lightspeed Commerce to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Lightspeed Commerce Trading Down 2.5 %

NYSE LSPD opened at $18.44 on Thursday. The stock’s 50-day simple moving average is $18.38 and its two-hundred day simple moving average is $16.41. Lightspeed Commerce has a twelve month low of $12.23 and a twelve month high of $21.71. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of -2.85 and a beta of 2.52. The company has a quick ratio of 6.29, a current ratio of 6.41 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LSPD. American Century Companies Inc. increased its stake in Lightspeed Commerce by 6.2% during the 3rd quarter. American Century Companies Inc. now owns 16,086 shares of the company’s stock valued at $226,000 after buying an additional 942 shares during the period. Tudor Investment Corp Et Al bought a new position in shares of Lightspeed Commerce during the 3rd quarter valued at about $213,000. The Manufacturers Life Insurance Company boosted its position in shares of Lightspeed Commerce by 1.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,047,418 shares of the company’s stock valued at $14,819,000 after purchasing an additional 16,349 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Lightspeed Commerce by 53.2% in the third quarter. Advisors Asset Management Inc. now owns 4,553 shares of the company’s stock worth $64,000 after buying an additional 1,582 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Lightspeed Commerce by 2,570.7% in the third quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company’s stock worth $56,000 after buying an additional 3,856 shares during the period. 51.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LSPD. Scotiabank upped their target price on Lightspeed Commerce from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday. Morgan Stanley dropped their target price on shares of Lightspeed Commerce from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, October 20th. Truist Financial increased 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. Wells Fargo & Company initiated coverage on shares of Lightspeed Commerce in a research note on Tuesday, October 31st. They issued an “equal weight” rating and a $14.00 target price for the company. Finally, National Bankshares reduced their target price on shares of Lightspeed Commerce from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.39.

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Lightspeed Commerce Company Profile

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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.

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Earnings History for Lightspeed Commerce (NYSE:LSPD)

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