Recent Analysts’ Ratings Updates for Lightspeed Commerce (LSPD)

A number of firms have modified their ratings and price targets on shares of Lightspeed Commerce (NYSE: LSPD) recently:

• 8/15/2024 – Lightspeed Commerce was downgraded by analysts at Royal Bank of Canada from a “moderate buy” rating to a “strong sell” rating.
• 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at Royal Bank of Canada from $21.00 to $20.00. They now have an “outperform” rating on the stock.
• 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at BMO Capital Markets from $20.00 to $18.00. They now have an “outperform” rating on the stock.
• 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at JPMorgan Chase & Co. from $16.00 to $15.00. They now have a “neutral” rating on the stock.
• 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at Piper Sandler from $17.00 to $15.00. They now have a “neutral” rating on the stock.
• 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at Jefferies Financial Group Inc. from $16.00 to $14.50. They now have a “hold” rating on the stock.
• 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at TD Securities from $16.00 to $15.00. They now have a “hold” rating on the stock.
• 7/31/2024 – Lightspeed Commerce had its price target lowered by analysts at Wells Fargo & Company from $17.00 to $15.00. They now have an “equal weight” rating on the stock.

Lightspeed Commerce Price Performance

LSPD stock opened at $13.36 on Monday. The stock has a market cap of $2.05 billion, a PE ratio of -12.49 and a beta of 2.33. Lightspeed Commerce Inc. has a 12 month low of $11.01 and a 12 month high of $21.71. The company has a 50-day moving average price of $13.54 and a 200 day moving average price of $13.93. The company has a current ratio of 6.34, a quick ratio of 6.23 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, August 1st. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Lightspeed Commerce had a negative return on equity of 0.98% and a negative net margin of 15.55%. The firm had revenue of $266.10 million for the quarter, compared to analysts’ expectations of $258.58 million. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. Equities research analysts anticipate that Lightspeed Commerce Inc. will post -0.39 earnings per share for the current year.

Institutional Trading of Lightspeed Commerce

A number of large investors have recently made changes to their positions in LSPD. Artisan Partners Limited Partnership lifted its holdings in Lightspeed Commerce by 13.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 5,297,686 shares of the company’s stock valued at $111,232,000 after buying an additional 627,796 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Lightspeed Commerce by 1.2% during the first quarter. Vanguard Group Inc. now owns 5,099,482 shares of the company’s stock valued at $71,699,000 after acquiring an additional 62,394 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Lightspeed Commerce in the first quarter valued at approximately $34,984,000. Dimensional Fund Advisors LP grew its stake in Lightspeed Commerce by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,205,168 shares of the company’s stock worth $30,189,000 after purchasing an additional 64,944 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Lightspeed Commerce by 4.9% during the 2nd quarter. Bank of Montreal Can now owns 2,059,914 shares of the company’s stock worth $28,281,000 after purchasing an additional 95,832 shares during the period. 68.68% of the stock is owned by hedge funds and other institutional investors.

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.