Lightspeed Commerce (LSPD) – Research Analysts’ Weekly Ratings Changes

Lightspeed Commerce (NYSE: LSPD) recently received a number of ratings updates from brokerages and research firms:

• 9/26/2024 – Lightspeed Commerce had its price target raised by analysts at BMO Capital Markets from $18.00 to $20.00. They now have an “outperform” rating on the stock.
• 9/26/2024 – Lightspeed Commerce had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $20.00 price target on the stock.
• 9/26/2024 – Lightspeed Commerce had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $21.00 price target on the stock.
• 9/17/2024 – Lightspeed Commerce is now covered by analysts at Benchmark Co.. They set a “buy” rating and a $20.00 price target on the stock.
• 8/21/2024 – Lightspeed Commerce had its price target lowered by analysts at Jefferies Financial Group Inc. from $22.00 to $20.00. They now have a “hold” rating on the stock.
• 8/20/2024 – Lightspeed Commerce had its price target lowered by analysts at JPMorgan Chase & Co. from $15.00 to $14.00. They now have a “neutral” rating on the stock.
• 8/15/2024 – Lightspeed Commerce was downgraded by analysts at Royal Bank of Canada from a “moderate buy” rating to a “strong sell” rating.
• 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at Royal Bank of Canada from $21.00 to $20.00. They now have an “outperform” rating on the stock.
• 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at BMO Capital Markets from $20.00 to $18.00. They now have an “outperform” rating on the stock.
• 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at JPMorgan Chase & Co. from $16.00 to $15.00. They now have a “neutral” rating on the stock.
• 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at Piper Sandler from $17.00 to $15.00. They now have a “neutral” rating on the stock.
• 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at Jefferies Financial Group Inc. from $16.00 to $14.50. They now have a “hold” rating on the stock.
• 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at TD Securities from $16.00 to $15.00. They now have a “hold” rating on the stock.

Lightspeed Commerce Trading Up 2.1 %

Shares of LSPD stock opened at $16.76 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.19 and a quick ratio of 6.06. The company has a market cap of $2.57 billion, a price-to-earnings ratio of -15.66, a PEG ratio of 8.59 and a beta of 2.32. The stock has a 50 day simple moving average of $13.17 and a 200-day simple moving average of $13.65. Lightspeed Commerce Inc. has a 1-year low of $11.01 and a 1-year high of $21.71.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LSPD. TD Asset Management Inc grew its holdings in Lightspeed Commerce by 0.5% in the 4th quarter. TD Asset Management Inc now owns 361,808 shares of the company’s stock valued at $7,633,000 after buying an additional 1,938 shares in the last quarter. Addenda Capital Inc. grew its holdings in Lightspeed Commerce by 5.3% in the 1st quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock valued at $560,000 after buying an additional 1,990 shares in 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. purchased a new stake in Lightspeed Commerce in the 1st quarter valued at $35,000. Finally, Toronto Dominion Bank grew its holdings in Lightspeed Commerce by 102.8% in the 2nd quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock valued at $94,000 after buying an additional 3,482 shares in the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

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.