Lightspeed Commerce (NYSE:LSPD) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Lightspeed Commerce (NYSE:LSPD) from a strong sell rating to a moderate buy rating in a research note published on Friday,Zacks.com reports.

Several other analysts have also recently weighed in on LSPD. Wells Fargo & Company dropped their price target on Lightspeed Commerce from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, July 31st. Benchmark boosted their target price on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday. Piper Sandler raised their price target on shares of Lightspeed Commerce from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday. TD Securities boosted their price objective on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lightspeed Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.88.

Lightspeed Commerce Trading Up 4.0 %

Shares of Lightspeed Commerce stock opened at $17.75 on Friday. The stock has a market cap of $2.69 billion, a P/E ratio of -19.94, a P/E/G ratio of 10.75 and a beta of 2.35. The company has a quick ratio of 6.06, a current ratio of 6.19 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 12-month low of $11.01 and a 12-month high of $21.71. The business’s 50 day moving average is $14.92 and its 200-day moving average is $14.13.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. The business had revenue of $277.18 million during the quarter, compared to the consensus estimate of $273.90 million. Equities research analysts predict that Lightspeed Commerce will post 0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Lightspeed Commerce by 1.2% in the first quarter. Vanguard Group Inc. now owns 5,099,482 shares of the company’s stock worth $71,699,000 after purchasing an additional 62,394 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in Lightspeed Commerce in the 1st quarter valued at about $34,984,000. Dimensional Fund Advisors LP raised its position 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 period. Bank of Montreal Can lifted its holdings in shares of Lightspeed Commerce by 4.9% in 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 in the last quarter. Finally, Intact Investment Management Inc. increased its stake in Lightspeed Commerce by 10,117.5% during the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock valued at $14,473,000 after purchasing an additional 869,090 shares in the last quarter. 68.68% of the stock is owned by institutional investors.

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.