Lightspeed Commerce (NYSE:LSPD) Sees Large Volume Increase

Lightspeed Commerce Inc. (NYSE:LSPDGet Rating) saw unusually-strong trading volume on Tuesday . Approximately 53,808 shares traded hands during trading, a decline of 96% from the previous session’s volume of 1,287,192 shares.The stock last traded at $22.77 and had previously closed at $22.11.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LSPD shares. Piper Sandler increased their target price on Lightspeed Commerce from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, June 3rd. KeyCorp cut their price objective on Lightspeed Commerce from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, July 21st. Barclays lowered their target price on Lightspeed Commerce from $42.00 to $31.00 and set an “overweight” rating for the company in a research note on Friday, May 20th. Truist Financial lowered their target price on Lightspeed Commerce from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, May 20th. Finally, Morgan Stanley lowered their target price on Lightspeed Commerce from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Lightspeed Commerce presently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

Lightspeed Commerce Price Performance

The firm has a market cap of $3.65 billion and a PE ratio of -47.08. The business has a fifty day moving average price of $22.38 and a two-hundred day moving average price of $24.92.

Lightspeed Commerce (NYSE:LSPDGet Rating) last released its quarterly earnings data on Thursday, May 19th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.17). The company had revenue of $146.56 million during the quarter, compared to analysts’ expectations of $140.97 million. As a group, sell-side analysts forecast that Lightspeed Commerce Inc. will post -0.83 EPS for the current fiscal year.

Lightspeed Commerce Company Profile

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Lightspeed Commerce Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Australia, the Netherlands, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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