Lightspeed Commerce Inc. (NYSE:LSPD) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) have been assigned an average recommendation of "Hold" from the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $19.50.

LSPD has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Lightspeed Commerce from $20.00 to $26.00 in a report on Friday, November 8th. Piper Sandler raised their target price on shares of Lightspeed Commerce from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. Royal Bank of Canada raised shares of Lightspeed Commerce from a "strong sell" rating to a "moderate buy" rating in a report on Friday, November 8th. TD Securities upped their price target on Lightspeed Commerce from $15.00 to $19.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Finally, Barclays cut shares of Lightspeed Commerce from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Friday, January 10th.

Institutional Trading of Lightspeed Commerce

A number of large investors have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock valued at $25,000 after acquiring an additional 1,025 shares during the last quarter. Addenda Capital Inc. boosted its holdings in Lightspeed Commerce by 2.0% in the 4th quarter. Addenda Capital Inc. now owns 46,609 shares of the company's stock valued at $710,000 after purchasing an additional 931 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Lightspeed Commerce by 1.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 229,612 shares of the company's stock worth $3,497,000 after buying an additional 2,231 shares in the last quarter. Barclays PLC lifted its holdings in shares of Lightspeed Commerce by 8,355.1% in the 3rd quarter. Barclays PLC now owns 29,170 shares of the company's stock valued at $481,000 after buying an additional 28,825 shares during the period. Finally, Toronto Dominion Bank boosted its stake in shares of Lightspeed Commerce by 153.4% in the third quarter. Toronto Dominion Bank now owns 17,408 shares of the company's stock valued at $287,000 after buying an additional 10,538 shares in the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

Lightspeed Commerce Stock Up 0.1 %

Shares of NYSE:LSPD traded up $0.01 during trading hours on Friday, hitting $14.71. The company's stock had a trading volume of 653,229 shares, compared to its average volume of 325,871. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. The firm's fifty day moving average price is $16.21 and its 200 day moving average price is $14.97. Lightspeed Commerce has a 52 week low of $11.01 and a 52 week high of $20.09. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of -16.53 and a beta of 2.44.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. The firm had revenue of $277.18 million during the quarter, compared to analyst estimates of $273.90 million. As a group, research analysts expect 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.