Lightspeed Commerce (NYSE:LSPD) Shares Gap Up to $13.90

Shares of Lightspeed Commerce Inc. (NYSE:LSPDGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $13.90, but opened at $14.45. Lightspeed Commerce shares last traded at $14.62, with a volume of 437,690 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LSPD shares. National Bank Financial lowered Lightspeed Commerce from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Thursday, February 8th. Piper Sandler reiterated a “neutral” rating and set a $18.00 price target on shares of Lightspeed Commerce in a research report on Thursday, February 15th. JPMorgan Chase & Co. cut their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Scotiabank cut their price objective on Lightspeed Commerce from $22.00 to $20.00 and set a “sector outperform” rating for the company in a report on Friday, February 9th. Finally, Wells Fargo & Company cut their price objective on Lightspeed Commerce from $20.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.97.

Read Our Latest Stock Report on LSPD

Lightspeed Commerce Price Performance

The company has a market cap of $2.26 billion, a price-to-earnings ratio of -10.89 and a beta of 2.37. The company has a fifty day moving average price of $14.85 and a two-hundred day moving average price of $15.78. The company has a current ratio of 6.21, a quick ratio of 6.09 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPDGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.12. The company had revenue of $239.70 million for the quarter, compared to analyst estimates of $236.31 million. Lightspeed Commerce had a negative return on equity of 2.68% and a negative net margin of 23.85%. As a group, equities research analysts anticipate that Lightspeed Commerce Inc. will post -0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Lightspeed Commerce

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Lightspeed Commerce by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 5,037,088 shares of the company’s stock valued at $105,728,000 after purchasing an additional 98,587 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Lightspeed Commerce by 36.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 477,786 shares of the company’s stock valued at $10,029,000 after buying an additional 126,855 shares during the period. Legal & General Group Plc increased its stake in shares of Lightspeed Commerce by 1.7% in the 4th quarter. Legal & General Group Plc now owns 152,189 shares of the company’s stock valued at $3,208,000 after buying an additional 2,580 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Lightspeed Commerce in the 4th quarter valued at $65,494,000. Finally, HST Ventures LLC acquired a new stake in shares of Lightspeed Commerce in the 4th quarter valued at $1,324,000. Institutional investors own 68.68% of the company’s stock.

About Lightspeed Commerce

(Get Free Report)

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.

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