Lightspeed Commerce Inc. (NYSE:LSPD) Receives $18.39 Consensus PT from Brokerages

Lightspeed Commerce Inc. (NYSE:LSPD) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $18.39.

A number of brokerages have recently weighed in on LSPD. Scotiabank dropped their target price on Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a report on Friday, February 7th. Royal Bank of Canada raised shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their target price on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. TD Securities boosted their price target on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, Benchmark upped their price target on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

Institutional Trading of Lightspeed Commerce

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Lightspeed Commerce by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company’s stock worth $81,319,000 after purchasing an additional 70,324 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Lightspeed Commerce by 37,065.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock valued at $63,688,000 after purchasing an additional 4,170,557 shares during the period. Westfield Capital Management Co. LP raised its position in shares of Lightspeed Commerce by 30.0% in the third quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock valued at $54,838,000 after purchasing an additional 766,688 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Lightspeed Commerce by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company’s stock worth $48,009,000 after buying an additional 24,891 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Lightspeed Commerce by 1.1% during the 4th quarter. Bank of Montreal Can now owns 2,022,590 shares of the company’s stock worth $30,803,000 after buying an additional 21,357 shares during the period. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Trading Up 0.4 %

NYSE LSPD opened at $12.94 on Thursday. The firm’s 50 day moving average price is $14.52 and its two-hundred day moving average price is $15.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. Lightspeed Commerce has a twelve month low of $11.01 and a twelve month high of $18.96. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of -16.17, a PEG ratio of 3.03 and a beta of 2.43.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. Equities analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current year.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.