Lightspeed Commerce Inc. (NYSE:LSPD) Receives $11.27 Consensus Price Target from Brokerages

Lightspeed Commerce Inc. (NYSE:LSPD) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $11.2692.

Several equities research analysts have recently weighed in on LSPD shares. National Bank Financial cut their target price on Lightspeed Commerce from $15.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. BTIG Research cut their price target on Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Morgan Stanley lowered their target price on Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating on the stock in a research note on Friday, May 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada lowered their target price on Lightspeed Commerce from $13.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd.

Institutional Trading of Lightspeed Commerce

A number of institutional investors have recently modified their holdings of the business. Amundi purchased a new stake in shares of Lightspeed Commerce in the first quarter valued at approximately $121,000. Royal Bank of Canada raised its holdings in Lightspeed Commerce by 64.4% during the first quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock worth $19,950,000 after purchasing an additional 872,131 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Lightspeed Commerce by 1,221.5% during the first quarter. Renaissance Technologies LLC now owns 406,783 shares of the company’s stock worth $3,645,000 after purchasing an additional 376,000 shares during the last quarter. Pale Fire Capital SE acquired a new position in shares of Lightspeed Commerce in the first quarter worth $49,500,000. Finally, Louisbourg Investments Inc. raised its holdings in shares of Lightspeed Commerce by 4.1% in the first quarter. Louisbourg Investments Inc. now owns 672,764 shares of the company’s stock worth $6,004,000 after acquiring an additional 26,531 shares during the last quarter. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Lightspeed Commerce Price Performance

LSPD stock opened at $9.64 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.28 and a quick ratio of 4.18. The firm has a market capitalization of $1.32 billion, a P/E ratio of -9.35, a P/E/G ratio of 1.81 and a beta of 1.92. The business’s 50-day moving average is $9.21 and its two-hundred day moving average is $10.07. Lightspeed Commerce has a 1 year low of $7.83 and a 1 year high of $14.34.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings results on Thursday, May 21st. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $290.80 million during the quarter, compared to analyst estimates of $282.87 million. Lightspeed Commerce had a negative net margin of 11.77% and a positive return on equity of 0.32%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts anticipate that Lightspeed Commerce will post 0.3 earnings per share for the current fiscal year.

About Lightspeed Commerce

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.