Royal Bank Of Canada Boosts Lightspeed Commerce (NYSE:LSPD) Price Target to $13.00

Lightspeed Commerce (NYSE:LSPD) had its price target increased by investment analysts at Royal Bank Of Canada from $10.00 to $13.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 23.75% from the company’s previous close.

Several other research firms have also recently commented on LSPD. Benchmark cut their target price on shares of Lightspeed Commerce from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Stifel Nicolaus dropped their price objective on shares of Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, May 22nd. Bank of America began coverage on shares of Lightspeed Commerce in a research note on Tuesday, May 19th. They issued an “underperform” rating and a $10.00 target price for the company. Truist Financial lowered their price target on Lightspeed Commerce from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, May 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Friday, July 17th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.54.

Lightspeed Commerce Stock Performance

NYSE LSPD traded down $0.10 during trading on Monday, hitting $10.51. The company’s stock had a trading volume of 67,140 shares, compared to its average volume of 990,737. The company has a quick ratio of 3.45, a current ratio of 3.55 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $10.32 and a 200 day moving average price of $9.58. The firm has a market cap of $1.45 billion, a P/E ratio of -14.99, a price-to-earnings-growth ratio of 1.13 and a beta of 1.88. Lightspeed Commerce has a 52 week low of $7.83 and a 52 week high of $13.72.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $322.70 million during the quarter, compared to analysts’ expectations of $310.58 million. Lightspeed Commerce had a positive return on equity of 1.06% and a negative net margin of 7.81%.Lightspeed Commerce’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. Equities research analysts forecast that Lightspeed Commerce will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Several institutional investors have recently made changes to their positions in LSPD. Goldman Sachs Group Inc. raised its position in Lightspeed Commerce by 151.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock worth $18,803,000 after purchasing an additional 1,295,469 shares in the last quarter. Geode Capital Management LLC lifted its stake in Lightspeed Commerce by 8.1% during the second quarter. Geode Capital Management LLC now owns 78,301 shares of the company’s stock worth $922,000 after purchasing an additional 5,834 shares during the period. Russell Investments Group Ltd. boosted its holdings in Lightspeed Commerce by 106.4% during the second 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 in the last quarter. Norges Bank bought a new stake in shares of Lightspeed Commerce in the 2nd quarter valued at approximately $743,000. Finally, Invesco Ltd. grew its stake in shares of Lightspeed Commerce by 2.9% in the 2nd quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock valued at $346,000 after purchasing an additional 835 shares during the period. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Lightspeed Commerce Company Profile

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.