Lightspeed Commerce Inc. (NYSE:LSPD) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $18.39.

A number of research analysts have commented on LSPD shares. Barclays decreased their price target on Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company decreased their price target on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Piper Sandler decreased their price target on Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Scotiabank decreased their price target on Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 7th. Finally, UBS Group decreased their price target on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research note on Friday, February 7th.

Lightspeed Commerce Trading Up 5.1 %

LSPD opened at $10.78 on Monday. Lightspeed Commerce has a one year low of $10.20 and a one year high of $18.96. The stock has a market capitalization of $1.65 billion, a PE ratio of -13.47, a P/E/G ratio of 3.03 and a beta of 2.44. The business’s 50 day moving average price is $13.51 and its 200 day moving average price is $14.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. As a group, equities research analysts expect that Lightspeed Commerce will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Several hedge funds have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Lightspeed Commerce by 29.1% during the third quarter. State Street Corp now owns 353,472 shares of the company’s stock worth $5,829,000 after buying an additional 79,696 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Lightspeed Commerce during the third quarter worth about $499,000. PCJ Investment Counsel Ltd. boosted its stake in shares of Lightspeed Commerce by 33.8% during the fourth quarter. PCJ Investment Counsel Ltd. now owns 123,060 shares of the company’s stock worth $1,874,000 after buying an additional 31,060 shares during the period. Westfield Capital Management Co. LP boosted its stake in shares of Lightspeed Commerce by 30.0% during the third quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock worth $54,838,000 after buying an additional 766,688 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Lightspeed Commerce by 226.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,500 shares of the company’s stock worth $6,108,000 after buying an additional 256,900 shares during the period. 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.