Brokerages Set Lightspeed Commerce Inc. (NYSE:LSPD) Target Price at $13.40

Lightspeed Commerce Inc. (NYSE:LSPD) has earned a consensus rating of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $13.0909.

A number of equities analysts have recently issued reports on the company. Bank of America started coverage on Lightspeed Commerce in a research report on Tuesday. They set an “underperform” rating and a $10.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Tuesday, April 21st. Truist Financial decreased their price objective on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, February 11th. Barclays lowered their target price on shares of Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Finally, BTIG Research dropped their target price on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 5th.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock opened at $8.99 on Friday. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -1.95, a P/E/G ratio of 1.70 and a beta of 1.92. Lightspeed Commerce has a twelve month low of $8.36 and a twelve month high of $14.34. The company’s fifty day moving average is $9.09 and its 200 day moving average is $10.40. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Lightspeed Commerce

Institutional investors and hedge funds have recently modified their holdings of the business. Pale Fire Capital SE bought a new stake in shares of Lightspeed Commerce in the 1st quarter valued at $49,500,000. Artisan Partners Limited Partnership boosted its stake in Lightspeed Commerce by 17.5% during the fourth quarter. Artisan Partners Limited Partnership now owns 3,900,930 shares of the company’s stock worth $47,066,000 after acquiring an additional 581,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Lightspeed Commerce by 28.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,752,669 shares of the company’s stock worth $31,778,000 after purchasing an additional 613,369 shares during the period. Royal Bank of Canada increased its stake in Lightspeed Commerce by 64.4% in the first quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock valued at $19,950,000 after purchasing an additional 872,131 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Lightspeed Commerce by 151.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock valued at $18,803,000 after purchasing an additional 1,295,469 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.