Brokerages Set Lightspeed Commerce Inc. (NYSE:LSPD) Price Target at $13.72

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have earned an average recommendation of “Hold” from the nineteen research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.7188.

A number of analysts have issued reports on the company. National Bankshares decreased their price target on Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating for the company in a report on Thursday, October 23rd. BTIG Research reissued a “buy” rating and set a $16.00 target price on shares of Lightspeed Commerce in a research report on Wednesday, November 19th. TD Securities began coverage on Lightspeed Commerce in a research note on Friday, October 3rd. They set a “hold” rating and a $13.00 target price for the company. Zacks Research raised Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada set a $15.00 price objective on shares of Lightspeed Commerce and gave the stock an “outperform” rating in a report on Wednesday, September 17th.

Lightspeed Commerce Stock Down 1.3%

NYSE LSPD traded down $0.16 on Wednesday, hitting $12.09. 20,129 shares of the stock were exchanged, compared to its average volume of 777,756. Lightspeed Commerce has a fifty-two week low of $7.34 and a fifty-two week high of $16.40. The company has a 50-day moving average price of $11.83 and a 200-day moving average price of $11.96. The company has a quick ratio of 4.58, a current ratio of 4.66 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.64 billion, a PE ratio of -2.67, a PEG ratio of 19.88 and a beta of 2.16.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. The business had revenue of $318.96 million during the quarter, compared to analysts’ expectations of $308.90 million. Lightspeed Commerce had a negative net margin of 59.16% and a positive return on equity of 0.39%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 EPS. Sell-side analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new position in Lightspeed Commerce in the second quarter valued at $92,000. Russell Investments Group Ltd. increased its stake in Lightspeed Commerce by 106.4% in the second quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock valued at $122,000 after purchasing an additional 5,354 shares during the period. Magnetar Financial LLC acquired a new position in Lightspeed Commerce in the second quarter valued at $156,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Lightspeed Commerce by 25.9% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,096 shares of the company’s stock worth $165,000 after buying an additional 2,899 shares during the period. Finally, Algert Global LLC purchased a new position in shares of Lightspeed Commerce during the third quarter worth about $295,000. 68.68% of the stock is owned by hedge funds and other institutional investors.

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.