Lightspeed Commerce Inc. (NYSE:LSPD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Lightspeed Commerce Inc. (NYSE:LSPD) has been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $18.39.

LSPD has been the subject of a number of analyst reports. Bank of America initiated coverage on shares of Lightspeed Commerce in a research report on Wednesday, February 19th. They issued a “buy” rating and a $20.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Barclays decreased their price objective on shares of Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Scotiabank decreased their price objective on shares of Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating for the company in a research report on Friday, February 7th. Finally, Piper Sandler cut their target price on shares of Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th.

Institutional Trading of Lightspeed Commerce

Several large investors have recently bought and sold shares of the business. Mackenzie Financial Corp grew its stake in Lightspeed Commerce by 156.9% during the 4th quarter. Mackenzie Financial Corp now owns 360,221 shares of the company’s stock valued at $5,487,000 after acquiring an additional 220,000 shares in the last quarter. Toronto Dominion Bank grew its stake in Lightspeed Commerce by 17.6% during the 4th quarter. Toronto Dominion Bank now owns 20,477 shares of the company’s stock valued at $312,000 after acquiring an additional 3,069 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Lightspeed Commerce by 6.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,854 shares of the company’s stock valued at $1,871,000 after acquiring an additional 7,022 shares in the last quarter. Twinbeech Capital LP purchased a new stake in Lightspeed Commerce during the 4th quarter valued at about $261,000. Finally, Two Sigma Advisers LP grew its stake in Lightspeed Commerce by 165.6% during the 4th quarter. Two Sigma Advisers LP now owns 64,800 shares of the company’s stock valued at $987,000 after acquiring an additional 40,400 shares in the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Trading Up 0.4 %

NYSE LSPD opened at $10.63 on Monday. The company has a market capitalization of $1.63 billion, a PE ratio of -13.28, a P/E/G ratio of 3.03 and a beta of 2.44. The company has a fifty day moving average of $13.02 and a 200 day moving average of $14.80. Lightspeed Commerce has a 1 year low of $10.20 and a 1 year high of $18.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. Research analysts forecast that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.