Brokerages Set Lightspeed Commerce Inc. (NYSE:LSPD) PT at $13.40

Lightspeed Commerce Inc. (NYSE:LSPD) has received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $13.40.

LSPD has been the topic of a number of recent research reports. Zacks Research downgraded Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. BTIG Research cut their target price on Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Tuesday, April 21st. Royal Bank Of Canada lowered their price target on Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, Truist Financial dropped their price objective on Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, February 11th.

Institutional Investors Weigh In On Lightspeed Commerce

A number of hedge funds have recently made changes to their positions in LSPD. Invesco Ltd. grew its stake in Lightspeed Commerce by 2.9% during the second quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock worth $346,000 after buying an additional 835 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Lightspeed Commerce by 4.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 25,118 shares of the company’s stock valued at $303,000 after acquiring an additional 1,148 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Lightspeed Commerce by 15.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,902 shares of the company’s stock worth $198,000 after acquiring an additional 2,314 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Lightspeed Commerce by 1.6% in the 4th quarter. Swiss National Bank now owns 246,200 shares of the company’s stock worth $2,977,000 after acquiring an additional 3,900 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in Lightspeed Commerce by 10.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 47,580 shares of the company’s stock worth $554,000 after acquiring an additional 4,349 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Trading Up 1.4%

Shares of LSPD stock opened at $8.96 on Friday. The firm has a fifty day moving average of $9.12 and a 200-day moving average of $10.44. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -1.94, a P/E/G ratio of 1.73 and a beta of 1.92. Lightspeed Commerce has a 52-week low of $8.36 and a 52-week high of $14.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.44 and a current ratio of 4.52.

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.