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

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $20.07.

Several research firms have recently commented on LSPD. Benchmark boosted their price target on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a "buy" rating in a report on Friday, November 8th. BMO Capital Markets lifted their price objective on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. Piper Sandler upped their target price on Lightspeed Commerce from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their price target on Lightspeed Commerce from $20.00 to $26.00 in a report on Friday, November 8th. Finally, BTIG Research reissued a "buy" rating and issued a $21.00 price target on shares of Lightspeed Commerce in a research report on Thursday, September 26th.

Lightspeed Commerce Trading Up 1.3 %

NYSE:LSPD traded up $0.22 during midday trading on Friday, hitting $17.31. The stock had a trading volume of 350,872 shares, compared to its average volume of 998,126. The stock has a 50-day moving average of $16.56 and a 200 day moving average of $14.67. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of -19.45 and a beta of 2.40. Lightspeed Commerce has a one year low of $11.01 and a one year high of $21.71. The company has a quick ratio of 5.94, a current ratio of 6.08 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The business had revenue of $277.18 million for the quarter, compared to the consensus estimate of $273.90 million. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. As a group, sell-side analysts forecast that Lightspeed Commerce will post -0.02 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. increased its holdings in shares of Lightspeed Commerce by 345,464.1% in the second quarter. 1832 Asset Management L.P. now owns 404,310 shares of the company's stock valued at $5,535,000 after purchasing an additional 404,193 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Lightspeed Commerce during the 2nd quarter worth approximately $956,000. Intact Investment Management Inc. lifted its stake in Lightspeed Commerce by 10,117.5% during the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company's stock valued at $14,473,000 after acquiring an additional 869,090 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of Lightspeed Commerce by 30.0% in the third quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company's stock worth $54,838,000 after acquiring an additional 766,688 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Lightspeed Commerce by 226.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,500 shares of the company's stock valued at $6,108,000 after purchasing an additional 256,900 shares during the period. Hedge funds and other 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.