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

Shares of Lightspeed Commerce Inc. (NYSE:LSPDGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $20.07.

Several equities research analysts have issued reports on LSPD shares. TD Securities lifted their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Royal Bank of Canada raised shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a report on Friday, November 8th. Benchmark increased their target price on Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Piper Sandler lifted their price target on Lightspeed Commerce from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price objective on Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th.

Check Out Our Latest Research Report on LSPD

Lightspeed Commerce Trading Down 0.1 %

Shares of LSPD stock opened at $15.72 on Wednesday. The company has a market capitalization of $2.39 billion, a PE ratio of -17.66 and a beta of 2.40. Lightspeed Commerce has a 52-week low of $11.01 and a 52-week high of $20.09. The business’s fifty day moving average is $16.61 and its 200 day moving average is $14.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.94 and a current ratio of 6.08.

Lightspeed Commerce (NYSE:LSPDGet Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. The firm had revenue of $277.18 million for the quarter, compared to analysts’ expectations of $273.90 million. On average, equities research analysts anticipate that Lightspeed Commerce will post -0.02 EPS for the current fiscal year.

Institutional Trading of Lightspeed Commerce

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

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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Analyst Recommendations for Lightspeed Commerce (NYSE:LSPD)

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