Lightspeed Commerce Inc. (NYSE:LSPD) Stock Has Average Price Target of $11.35

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have been assigned a consensus rating of “Hold” from the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $11.27.

Several equities analysts have commented on the company. Truist Financial upped their price target on Lightspeed Commerce from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, October 23rd. Royal Bank Of Canada lifted their price objective on Lightspeed Commerce from $10.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Morgan Stanley lowered their price objective on Lightspeed Commerce from $11.50 to $9.50 and set an “equal weight” rating on the stock in a research report on Monday, September 28th. JPMorgan Chase & Co. reduced their target price on Lightspeed Commerce from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Friday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Thursday, October 15th.

Institutional Investors Weigh In On Lightspeed Commerce

Large investors have recently made changes to their positions in the company. State of Wyoming acquired a new position in shares of Lightspeed Commerce in the 3rd quarter valued at $66,000. Amundi bought a new position in Lightspeed Commerce during the first quarter worth about $121,000. ACT Capital Partners L.P. acquired a new position in Lightspeed Commerce in the third quarter valued at about $122,000. Squarepoint Ops LLC acquired a new position in Lightspeed Commerce in the second quarter valued at about $128,000. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Lightspeed Commerce by 5.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 26,557 shares of the company’s stock valued at $237,000 after purchasing an additional 1,439 shares in the last quarter. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Performance

Shares of LSPD opened at $10.36 on Friday. The company has a market capitalization of $1.34 billion, a PE ratio of -21.13, a price-to-earnings-growth ratio of 1.80 and a beta of 1.85. Lightspeed Commerce has a one year low of $7.83 and a one year high of $13.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.55 and a quick ratio of 3.45. The company’s fifty day moving average price is $10.34 and its 200 day moving average price is $9.84.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $323.79 million during the quarter, compared to analysts’ expectations of $321.09 million. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. As a group, analysts expect that Lightspeed Commerce will post 0.21 earnings per share for the current year.

About Lightspeed Commerce

Lightspeed Commerce is a Montreal-based technology company that provides cloud-based commerce software to retail, restaurant and golf businesses. Founded in 2005 by Dax Dasilva, the company initially focused on point-of-sale tools for retailers and has since broadened its platform and customer base.

Its products combine point-of-sale systems with tools for payments, inventory and order management, e-commerce, customer engagement and business analytics. Lightspeed also offers software designed for restaurant operations and golf course management.

The company serves businesses in North America, Europe and the Asia-Pacific region.