Lightspeed Commerce Inc. (NYSE:LSPD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have received an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $20.07.

LSPD has been the subject of several recent analyst reports. Benchmark boosted their price objective on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. BTIG Research reissued a “buy” rating and issued a $21.00 price target on shares of Lightspeed Commerce in a report on Thursday, September 26th. Royal Bank of Canada upgraded Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a report on Friday, November 8th. Finally, Piper Sandler upped their target price on Lightspeed Commerce from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, November 11th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc grew its holdings in shares of Lightspeed Commerce by 6.6% during the 2nd quarter. CIBC Asset Management Inc now owns 175,008 shares of the company’s stock worth $2,391,000 after purchasing an additional 10,809 shares during the period. TD Asset Management Inc lifted its stake in Lightspeed Commerce by 0.7% during the second quarter. TD Asset Management Inc now owns 384,137 shares of the company’s stock worth $5,250,000 after purchasing an additional 2,828 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Lightspeed Commerce in the 2nd quarter valued at $181,000. Dimensional Fund Advisors LP grew its holdings in shares of Lightspeed Commerce by 3.0% during 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 during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Lightspeed Commerce by 10.7% in the second quarter. Canada Pension Plan Investment Board now owns 206,700 shares of the company’s stock valued at $2,825,000 after buying an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Trading Down 0.2 %

Shares of Lightspeed Commerce stock opened at $15.23 on Wednesday. The firm has a market cap of $2.31 billion, a PE ratio of -17.11 and a beta of 2.40. Lightspeed Commerce has a 1 year low of $11.01 and a 1 year high of $20.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. The stock has a fifty day moving average price of $16.58 and a 200-day moving average price of $14.81.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $277.18 million for the quarter, compared to analysts’ expectations of $273.90 million. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. Equities research analysts anticipate that Lightspeed Commerce will post -0.02 EPS for the current year.

About Lightspeed Commerce

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.