Lightspeed Commerce Inc. (LSPD) – What Are Researchers Saying About This Stock?

Lightspeed Commerce Inc. (NYSE:LSPD) has been given an average rating of “Hold” by the sixteen brokerages that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $11.27.

A number of equities research analysts have weighed in on LSPD shares. Morgan Stanley decreased their price target on shares of Lightspeed Commerce from $11.50 to $9.50 and set an “equal weight” rating on the stock in a research note on Monday, September 28th. JPMorgan Chase & Co. boosted their price target on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, July 31st. Royal Bank Of Canada increased their price objective on shares of Lightspeed Commerce from $10.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Thursday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSPD. Squarepoint Ops LLC acquired a new position in Lightspeed Commerce during the second quarter worth $128,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Lightspeed Commerce by 28.3% during the second quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company’s stock valued at $642,000 after acquiring an additional 13,103 shares during the period. Pale Fire Capital SE boosted its stake in shares of Lightspeed Commerce by 4.5% in the 2nd quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company’s stock valued at $60,569,000 after purchasing an additional 249,341 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Lightspeed Commerce in the 2nd quarter valued at $540,000. Finally, Amundi acquired a new stake in shares of Lightspeed Commerce in the 1st quarter valued at $121,000. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Up 1.8%

LSPD stock opened at $10.76 on Tuesday. Lightspeed Commerce has a twelve month low of $7.83 and a twelve month high of $13.72. The company has a market cap of $1.48 billion, a PE ratio of -15.38, a price-to-earnings-growth ratio of 1.52 and a beta of 1.84. The business’s 50-day simple moving average is $10.23 and its 200 day simple moving average is $9.84. The company has a quick ratio of 3.45, a current ratio of 3.55 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $322.70 million for the quarter, compared to analyst estimates of $310.58 million. Lightspeed Commerce had a positive return on equity of 1.06% and a negative net margin of 7.81%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 earnings per share. On average, research analysts anticipate that Lightspeed Commerce will post 0.23 earnings per share for the current year.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Montreal-based technology company that provides cloud commerce software for small and mid-sized businesses. Its platform is designed for retailers, restaurants, hospitality operators and golf businesses, helping them manage sales, payments, inventory, customer relationships and day-to-day operations through integrated point-of-sale systems.

Lightspeed’s products include retail and restaurant point-of-sale software, payment processing, e-commerce capabilities, inventory and supplier management, appointment and table-management tools, analytics, employee management and customer loyalty features.