Lightspeed Commerce Inc. (NYSE:LSPD) Receives $18.39 Consensus Target Price from Brokerages

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have earned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $18.39.

Several brokerages have recently issued reports on LSPD. TD Securities lifted their price target on Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a report on Friday, November 8th. Royal Bank of Canada raised shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research report on Friday, November 8th. UBS Group dropped their price target on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Bank of America assumed coverage on shares of Lightspeed Commerce in a research note on Wednesday. They issued a “buy” rating and a $20.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th.

Lightspeed Commerce Stock Down 2.1 %

LSPD stock opened at $13.16 on Thursday. The company has a 50 day moving average of $14.71 and a two-hundred day moving average of $15.03. The company has a market cap of $2.00 billion, a price-to-earnings ratio of -16.44, a PEG ratio of 3.03 and a beta of 2.42. Lightspeed Commerce has a 12-month low of $11.01 and a 12-month high of $18.96. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. On average, equities analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Lightspeed Commerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Lightspeed Commerce by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company’s stock valued at $81,319,000 after acquiring an additional 70,324 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Lightspeed Commerce by 37,065.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock valued at $63,688,000 after purchasing an additional 4,170,557 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in Lightspeed Commerce by 30.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock valued at $54,838,000 after purchasing an additional 766,688 shares during the period. Nuveen Asset Management LLC grew its position in Lightspeed Commerce by 0.8% in the 4th quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company’s stock worth $48,009,000 after purchasing an additional 24,891 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Lightspeed Commerce by 1.1% during the 4th quarter. Bank of Montreal Can now owns 2,022,590 shares of the company’s stock worth $30,803,000 after purchasing an additional 21,357 shares during the period. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Company Profile

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.