Lightspeed Commerce Inc. (NYSE:LSPD) Given Average Rating of “Hold” by Brokerages

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have been given a consensus recommendation of “Hold” by the seventeen research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $18.69.

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Lightspeed Commerce from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Wells Fargo & Company cut their price target on shares of Lightspeed Commerce from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 31st. BTIG Research restated a “buy” rating and issued a $21.00 price objective on shares of Lightspeed Commerce in a report on Thursday, September 26th. Piper Sandler dropped their target price on Lightspeed Commerce from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Benchmark reissued a “buy” rating and set a $20.00 price target on shares of Lightspeed Commerce in a research report on Thursday, September 26th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Addenda Capital Inc. grew its position in shares of Lightspeed Commerce by 5.3% in the first quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock valued at $560,000 after purchasing an additional 1,990 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Lightspeed Commerce by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 114,808 shares of the company’s stock valued at $1,567,000 after buying an additional 2,459 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new position in Lightspeed Commerce during the 1st quarter worth $35,000. TD Asset Management Inc lifted its holdings in shares of 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 buying an additional 2,828 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Lightspeed Commerce by 102.8% in the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock valued at $94,000 after acquiring an additional 3,482 shares during the period. 68.68% of the stock is owned by institutional investors.

Lightspeed Commerce Stock Down 0.7 %

Shares of LSPD stock opened at $15.05 on Friday. Lightspeed Commerce has a 12-month low of $11.01 and a 12-month high of $21.71. The company has a quick ratio of 6.06, a current ratio of 6.19 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $14.27 and a 200-day moving average of $13.93. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of -14.07, a P/E/G ratio of 10.07 and a beta of 2.34.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $266.10 million during the quarter, compared to analysts’ expectations of $258.58 million. Lightspeed Commerce had a negative return on equity of 0.99% and a negative net margin of 15.55%. The company’s revenue was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) EPS. As a group, equities research analysts predict that Lightspeed Commerce will post 0.05 earnings per share for the current fiscal 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.