Lightspeed Commerce Inc. (NYSE:LSPD) Receives Consensus Rating of "Moderate Buy" from Brokerages

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $18.39.

A number of brokerages have recently commented on LSPD. JPMorgan Chase & Co. raised their target price on shares of Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Bank of America initiated coverage on Lightspeed Commerce in a research report on Wednesday. They issued a "buy" rating and a $20.00 target price for the company. Scotiabank dropped their target price on Lightspeed Commerce from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a report on Friday, February 7th. Barclays reduced their price target on Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Finally, UBS Group dropped their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating on the stock in a research note on Friday, February 7th.

Lightspeed Commerce Trading Down 2.1 %

LSPD stock traded down $0.29 during trading on Thursday, reaching $13.16. 1,402,325 shares of the stock traded hands, compared to its average volume of 985,196. The business's 50 day moving average price is $14.71 and its 200-day moving average price is $15.01. The firm has a market capitalization of $2.00 billion, a PE ratio of -16.44, a P/E/G ratio of 3.03 and a beta of 2.42. 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 has a 52-week low of $11.01 and a 52-week high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

A number of institutional investors have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in Lightspeed Commerce by 214.4% in the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock worth $25,000 after purchasing an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Lightspeed Commerce by 27.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock valued at $158,000 after acquiring an additional 2,168 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Lightspeed Commerce during the 4th quarter valued at approximately $165,000. Aigen Investment Management LP bought a new position in Lightspeed Commerce during the third quarter worth $225,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Lightspeed Commerce in the fourth quarter worth $256,000. Institutional investors and hedge funds 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.