Lightspeed Commerce Inc. (NYSE:LSPD) Receives $18.74 Average PT from Analysts

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have received an average recommendation of “Hold” from the sixteen research firms that are covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $18.74.

LSPD has been the subject of several analyst reports. Barclays reduced their price target on Lightspeed Commerce from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, February 9th. National Bankshares reduced their price target on Lightspeed Commerce from $20.00 to $15.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. TD Securities cut Lightspeed Commerce from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $17.50 in a research report on Friday, February 9th. National Bank Financial cut Lightspeed Commerce from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Lightspeed Commerce by 15.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,372 shares of the company’s stock worth $400,000 after purchasing an additional 3,731 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Lightspeed Commerce by 4.9% in the 3rd quarter. CIBC Asset Management Inc now owns 146,430 shares of the company’s stock worth $2,063,000 after purchasing an additional 6,886 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Lightspeed Commerce by 13.9% in the 3rd quarter. New York State Common Retirement Fund now owns 20,350 shares of the company’s stock worth $286,000 after purchasing an additional 2,482 shares in the last quarter. Cidel Asset Management Inc. lifted its holdings in Lightspeed Commerce by 44.1% in the 3rd quarter. Cidel Asset Management Inc. now owns 25,870 shares of the company’s stock worth $365,000 after purchasing an additional 7,920 shares in the last quarter. Finally, Landscape Capital Management L.L.C. lifted its holdings in Lightspeed Commerce by 209.2% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 170,883 shares of the company’s stock worth $2,397,000 after purchasing an additional 115,621 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Price Performance

LSPD opened at $13.40 on Friday. The stock has a fifty day simple moving average of $13.61 and a two-hundred day simple moving average of $15.70. The company has a current ratio of 6.21, a quick ratio of 6.09 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.05 billion, a price-to-earnings ratio of -9.93 and a beta of 2.37. Lightspeed Commerce has a 12-month low of $12.23 and a 12-month high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. Lightspeed Commerce had a negative return on equity of 2.68% and a negative net margin of 23.85%. The business had revenue of $239.70 million during the quarter, compared to the consensus estimate of $236.31 million. Research analysts predict that Lightspeed Commerce will post -0.5 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.