Lightspeed POS (NASDAQ:LSPD) Price Target Raised to C$195.00 at CIBC

Lightspeed POS (NASDAQ:LSPD) had its price objective hoisted by CIBC from C$155.00 to C$195.00 in a research report report published on Monday, The Fly reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Scotiabank boosted their price target on shares of Lightspeed POS from $81.00 to $83.00 and gave the stock a sector perform rating in a research note on Tuesday, June 8th. Piper Sandler started coverage on shares of Lightspeed POS in a research note on Wednesday, September 8th. They issued an overweight rating and a $145.00 price target for the company. KeyCorp boosted their price target on shares of Lightspeed POS from $85.00 to $100.00 and gave the stock an overweight rating in a research note on Wednesday, July 28th. JPMorgan Chase & Co. cut shares of Lightspeed POS from a neutral rating to an underweight rating in a research note on Tuesday, August 17th. Finally, Zacks Investment Research raised shares of Lightspeed POS from a sell rating to a hold rating in a research note on Thursday, August 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus target price of $121.93.

Lightspeed POS stock opened at $121.26 on Monday. The firm’s 50 day simple moving average is $99.34 and its 200 day simple moving average is $80.32. The company has a current ratio of 4.91, a quick ratio of 4.88 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $15.96 billion and a PE ratio of -92.56. Lightspeed POS has a 1-year low of $28.29 and a 1-year high of $128.13.

Lightspeed POS (NASDAQ:LSPD) last posted its earnings results on Thursday, August 5th. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.11. Lightspeed POS had a negative net margin of 50.92% and a negative return on equity of 3.07%. The business had revenue of $115.92 million for the quarter, compared to analyst estimates of $92.13 million. Research analysts forecast that Lightspeed POS will post -0.54 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in Lightspeed POS in the 2nd quarter worth $380,000. HBK Investments L P bought a new position in Lightspeed POS in the 2nd quarter worth $836,000. Parametric Portfolio Associates LLC bought a new position in Lightspeed POS in the 2nd quarter worth $511,000. Comerica Bank raised its holdings in Lightspeed POS by 42.1% in the 2nd quarter. Comerica Bank now owns 18,900 shares of the company’s stock worth $1,794,000 after purchasing an additional 5,600 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its holdings in Lightspeed POS by 6.2% in the 2nd quarter. Marshall Wace North America L.P. now owns 343,495 shares of the company’s stock worth $28,720,000 after purchasing an additional 19,940 shares in the last quarter. 53.80% of the stock is owned by institutional investors and hedge funds.

Lightspeed POS Company Profile

Lightspeed POS Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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Analyst Recommendations for Lightspeed POS (NASDAQ:LSPD)

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