Benchmark Issues Positive Forecast for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its price target boosted by stock analysts at Benchmark from $20.00 to $21.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Benchmark's target price points to a potential upside of 23.02% from the stock's current price.

A number of other analysts have also weighed in on LSPD. Piper Sandler dropped their price objective on Lightspeed Commerce from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Jefferies Financial Group cut their target price on Lightspeed Commerce from $22.00 to $20.00 and set a "hold" rating on the stock in a research note on Wednesday, August 21st. TD Securities dropped their price target on Lightspeed Commerce from $16.00 to $15.00 and set a "hold" rating for the company in a research note on Friday, August 2nd. Royal Bank of Canada downgraded shares of Lightspeed Commerce from a "moderate buy" rating to a "strong sell" rating in a research report on Thursday, August 15th. Finally, BTIG Research reissued a "buy" rating and issued a $21.00 price target on shares of Lightspeed Commerce in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $19.75.

Lightspeed Commerce Trading Up 0.7 %

Shares of Lightspeed Commerce stock traded up $0.12 during trading on Friday, reaching $17.07. The company's stock had a trading volume of 1,285,210 shares, compared to its average volume of 1,110,022. The company has a quick ratio of 6.06, a current ratio of 6.19 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 52-week low of $11.01 and a 52-week high of $21.71. The firm's 50-day moving average is $14.73 and its two-hundred day moving average is $14.06. The company has a market cap of $2.59 billion, a price-to-earnings ratio of -17.46, a PEG ratio of 9.52 and a beta of 2.35.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $277.18 million for the quarter, compared to analysts' expectations of $273.90 million. Lightspeed Commerce had a negative return on equity of 0.99% and a negative net margin of 15.55%. On average, sell-side analysts anticipate that Lightspeed Commerce will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of hedge funds and other institutional investors have recently modified their holdings of LSPD. Vanguard Group Inc. lifted its stake in Lightspeed Commerce by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,099,482 shares of the company's stock worth $71,699,000 after purchasing an additional 62,394 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Lightspeed Commerce in the first quarter worth about $34,984,000. Dimensional Fund Advisors LP boosted its stake in Lightspeed Commerce by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,205,168 shares of the company's stock valued at $30,189,000 after buying an additional 64,944 shares during the last quarter. Bank of Montreal Can grew its holdings in Lightspeed Commerce by 4.9% during the 2nd quarter. Bank of Montreal Can now owns 2,059,914 shares of the company's stock valued at $28,281,000 after buying an additional 95,832 shares in the last quarter. Finally, Intact Investment Management Inc. increased its stake in Lightspeed Commerce by 10,117.5% in the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company's stock worth $14,473,000 after acquiring an additional 869,090 shares during the last quarter. Institutional investors own 68.68% of the company's stock.

About Lightspeed Commerce

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.