Lightspeed Commerce Inc. (NYSE:LSPD) Receives Average Recommendation of "Moderate Buy" from Analysts

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) has received an average recommendation of "Moderate Buy" from the fifteen research firms that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $20.07.

A number of research firms have recently weighed in on LSPD. Royal Bank of Canada upgraded shares of Lightspeed Commerce from a "strong sell" rating to a "moderate buy" rating in a report on Friday, November 8th. Benchmark upped their price objective on Lightspeed Commerce from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Piper Sandler raised their price objective on Lightspeed Commerce from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. BMO Capital Markets boosted their target price on Lightspeed Commerce from $18.00 to $20.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. Finally, TD Securities raised their price target on Lightspeed Commerce from $15.00 to $19.00 and gave the stock a "hold" rating in a research report on Friday, November 8th.

Institutional Investors Weigh In On Lightspeed Commerce

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank increased its stake in Lightspeed Commerce by 102.8% during the 2nd quarter. Toronto Dominion Bank now owns 6,870 shares of the company's stock valued at $94,000 after purchasing an additional 3,482 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Lightspeed Commerce in the 2nd quarter valued at $181,000. Aigen Investment Management LP purchased a new position in Lightspeed Commerce in the 3rd quarter worth $225,000. Polar Asset Management Partners Inc. acquired a new stake in Lightspeed Commerce during the 3rd quarter worth about $412,000. Finally, Algert Global LLC purchased a new stake in Lightspeed Commerce during the 3rd quarter valued at about $448,000. Hedge funds and other institutional investors own 68.68% of the company's stock.

Lightspeed Commerce Price Performance

Shares of NYSE:LSPD traded down $0.03 during trading on Wednesday, hitting $15.23. 401,923 shares of the company's stock were exchanged, compared to its average volume of 1,052,216. The business's 50-day simple moving average is $16.58 and its 200 day simple moving average is $14.81. The company has a market cap of $2.31 billion, a price-to-earnings ratio of -17.11 and a beta of 2.40. Lightspeed Commerce has a 52-week low of $11.01 and a 52-week high of $20.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $277.18 million for the quarter, compared to the consensus estimate of $273.90 million. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. As a group, equities analysts predict that Lightspeed Commerce will post -0.02 EPS 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.