Brokerages Set Lightspeed Commerce Inc. (NYSE:LSPD) PT at $20.07

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have earned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $20.07.

LSPD has been the subject of several analyst reports. Royal Bank of Canada raised shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a report on Friday, November 8th. BTIG Research reissued a “buy” rating and issued a $21.00 price target on shares of Lightspeed Commerce in a report on Thursday, September 26th. Benchmark upped their price objective on Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, November 8th. BMO Capital Markets raised their target price on Lightspeed Commerce from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th.

Institutional Trading of Lightspeed Commerce

A number of large investors have recently made changes to their positions in LSPD. CIBC Asset Management Inc boosted its stake in shares of Lightspeed Commerce by 6.6% during the 2nd quarter. CIBC Asset Management Inc now owns 175,008 shares of the company’s stock worth $2,391,000 after purchasing an additional 10,809 shares during the last quarter. TD Asset Management Inc boosted its position in Lightspeed Commerce by 0.7% during the second quarter. TD Asset Management Inc now owns 384,137 shares of the company’s stock worth $5,250,000 after acquiring an additional 2,828 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Lightspeed Commerce in the 2nd quarter worth approximately $181,000. Dimensional Fund Advisors LP grew its stake in Lightspeed Commerce by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,205,168 shares of the company’s stock worth $30,189,000 after acquiring an additional 64,944 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in Lightspeed Commerce by 10.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 206,700 shares of the company’s stock valued at $2,825,000 after acquiring an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Stock Down 3.7 %

Lightspeed Commerce stock opened at $15.59 on Wednesday. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of -17.52 and a beta of 2.44. The company has a current ratio of 6.08, a quick ratio of 5.94 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $16.65 and a two-hundred day moving average of $14.88. Lightspeed Commerce has a twelve month low of $11.01 and a twelve month high of $20.09.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $277.18 million for the quarter, compared to analyst estimates of $273.90 million. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. As a group, research analysts expect that Lightspeed Commerce will post -0.02 earnings per share for the current year.

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.