Analysts Set Lightspeed Commerce Inc. (NYSE:LSPD) Target Price at $13.72

Lightspeed Commerce Inc. (NYSE:LSPD) has been assigned a consensus rating of “Hold” from the nineteen brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.7188.

LSPD has been the subject of several research reports. TD Securities started coverage on Lightspeed Commerce in a research report on Friday, October 3rd. They issued a “hold” rating and a $13.00 target price for the company. BTIG Research restated a “buy” rating and set a $16.00 price objective on shares of Lightspeed Commerce in a research note on Wednesday, November 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Wednesday, October 8th. Royal Bank Of Canada set a $15.00 target price on shares of Lightspeed Commerce and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Finally, Zacks Research raised shares of Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd.

Hedge Funds Weigh In On Lightspeed Commerce

A number of hedge funds and other institutional investors have recently bought and sold shares of LSPD. Headlands Technologies LLC bought a new position in shares of Lightspeed Commerce during the second quarter valued at approximately $92,000. Russell Investments Group Ltd. boosted its position in Lightspeed Commerce by 106.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock valued at $122,000 after purchasing an additional 5,354 shares during the period. Magnetar Financial LLC bought a new position in Lightspeed Commerce during the 2nd quarter worth $156,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Lightspeed Commerce by 25.9% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,096 shares of the company’s stock worth $165,000 after buying an additional 2,899 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in Lightspeed Commerce in the third quarter worth $295,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock opened at $12.01 on Wednesday. The firm has a market cap of $1.63 billion, a PE ratio of -2.64, a price-to-earnings-growth ratio of 19.45 and a beta of 2.16. The firm’s 50-day simple moving average is $11.80 and its 200-day simple moving average is $11.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.58 and a current ratio of 4.66. Lightspeed Commerce has a 1 year low of $7.34 and a 1 year high of $16.40.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The business had revenue of $318.96 million during the quarter, compared to the consensus estimate of $308.90 million. Lightspeed Commerce had a positive return on equity of 0.39% and a negative net margin of 59.16%.The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. Equities analysts forecast that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

About Lightspeed Commerce

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.