Lightspeed Commerce Inc. (NYSE:LSPD) Given Average Recommendation of “Hold” by Brokerages

Lightspeed Commerce Inc. (NYSE:LSPD) has received a consensus rating of “Hold” from the sixteen research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $11.3214.

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their price target on Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, May 22nd. Bank of America initiated coverage on shares of Lightspeed Commerce in a research note on Tuesday, May 19th. They issued an “underperform” rating and a $10.00 price objective for the company. Royal Bank Of Canada dropped their target price on shares of Lightspeed Commerce from $13.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, May 22nd. Truist Financial cut their target price on shares of Lightspeed Commerce from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, May 28th. Finally, Barclays reduced their price target on shares of Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st.

Lightspeed Commerce Stock Performance

LSPD stock opened at $10.28 on Thursday. The stock has a 50-day moving average price of $9.92 and a 200-day moving average price of $9.63. Lightspeed Commerce has a 1-year low of $7.83 and a 1-year high of $13.72. The company has a current ratio of 4.28, a quick ratio of 4.18 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.42 billion, a PE ratio of -14.68, a price-to-earnings-growth ratio of 1.77 and a beta of 1.88.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, July 30th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $322.70 million for the quarter, compared to analyst estimates of $310.58 million. Lightspeed Commerce had a positive return on equity of 1.04% and a negative net margin of 7.81%.The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. As a group, equities research analysts expect that Lightspeed Commerce will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Plato Investment Management Ltd grew its stake in Lightspeed Commerce by 880.0% in the fourth quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock valued at $64,000 after acquiring an additional 4,752 shares during the period. Headlands Technologies LLC acquired a new position in shares of Lightspeed Commerce during the second quarter worth approximately $92,000. Aigen Investment Management LP bought a new position in shares of Lightspeed Commerce in the 4th quarter worth $125,000. Russell Investments Group Ltd. lifted its holdings in shares of Lightspeed Commerce by 106.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock worth $122,000 after purchasing an additional 5,354 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Lightspeed Commerce in the 4th quarter valued at $132,000. 68.68% of the stock is owned by institutional investors and hedge funds.

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.