Analysts Set Lightspeed Commerce Inc. (NYSE:LSPD) Target Price at $11.32

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have been given an average recommendation of “Hold” by the sixteen analysts that are currently covering the company, Marketbeat reports. Three equities 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 12 month target price among brokerages that have updated their coverage on the stock in the last year is $11.3214.

A number of analysts have weighed in on the stock. BTIG Research reduced their price objective on shares of Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Stifel Nicolaus cut their price target on shares of Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, May 22nd. JPMorgan Chase & Co. raised their price target on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, July 31st. UBS Group decreased their price objective on shares of Lightspeed Commerce from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, May 22nd. Finally, National Bank Financial lowered their price objective 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.

Hedge Funds Weigh In On Lightspeed Commerce

Several hedge funds and other institutional investors have recently bought and sold shares of LSPD. TD Waterhouse Canada Inc. boosted its holdings in shares of Lightspeed Commerce by 28.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company’s stock valued at $642,000 after acquiring an additional 13,103 shares during the last quarter. Pale Fire Capital SE grew its stake in shares of Lightspeed Commerce by 4.5% in the second quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company’s stock worth $60,569,000 after acquiring an additional 249,341 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Lightspeed Commerce during the second quarter valued at approximately $540,000. Amundi purchased a new position in shares of Lightspeed Commerce during the first quarter valued at approximately $121,000. Finally, Royal Bank of Canada lifted its position 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 valued at $19,950,000 after purchasing an additional 872,131 shares during the period. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Up 0.2%

Shares of NYSE:LSPD opened at $10.62 on Monday. The company has a current ratio of 3.55, a quick ratio of 3.45 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $10.32 and a two-hundred day simple moving average of $9.58. Lightspeed Commerce has a 12-month low of $7.83 and a 12-month high of $13.72. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of -15.17, a PEG ratio of 1.13 and a beta of 1.88.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $322.70 million during the quarter, compared to the consensus estimate of $310.58 million. Lightspeed Commerce had a positive return on equity of 1.06% and a negative net margin of 7.81%.The company’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. On average, research analysts anticipate that Lightspeed Commerce will post 0.31 earnings per share for the current fiscal year.

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.