Analysts Set Lightspeed Commerce Inc. (NYSE:LSPD) Target Price at $11.27

Lightspeed Commerce Inc. (NYSE:LSPD) has been assigned a consensus rating of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $11.2692.

Several equities analysts have recently commented on the stock. Benchmark lowered their price objective 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 cut their target price on Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday, May 22nd. Morgan Stanley reduced their price target on Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating on the stock in a report on Friday, May 22nd. Scotiabank lowered their price target on Lightspeed Commerce from $12.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, May 25th. Finally, BTIG Research dropped their price objective on Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, May 21st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of Lightspeed Commerce by 2.9% during the second 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 last quarter. Pictet Asset Management Holding SA grew its stake in shares of Lightspeed Commerce by 4.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 25,118 shares of the company’s stock worth $303,000 after buying an additional 1,148 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Lightspeed Commerce by 15.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,902 shares of the company’s stock valued at $198,000 after buying an additional 2,314 shares in the last quarter. Swiss National Bank increased its position in Lightspeed Commerce by 1.6% during the 4th quarter. Swiss National Bank now owns 246,200 shares of the company’s stock valued at $2,977,000 after buying an additional 3,900 shares in the last quarter. Finally, Plato Investment Management Ltd raised its stake in Lightspeed Commerce by 880.0% during the fourth quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock valued at $64,000 after buying an additional 4,752 shares during the last quarter. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Price Performance

LSPD traded up $0.09 on Friday, reaching $10.30. The company had a trading volume of 419,473 shares, compared to its average volume of 1,140,462. The business has a 50 day simple moving average of $9.54 and a 200 day simple moving average of $9.86. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -10.00, a P/E/G ratio of 1.94 and a beta of 1.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.18 and a current ratio of 4.28. Lightspeed Commerce has a 52-week low of $7.83 and a 52-week high of $14.34.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, May 21st. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Lightspeed Commerce had a positive return on equity of 0.32% and a negative net margin of 11.77%.The company had revenue of $290.80 million during the quarter, compared to analysts’ expectations of $282.87 million. The company’s revenue was up 14.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lightspeed Commerce will post 0.3 EPS for the current year.

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.