Analysts Set Lightspeed Commerce Inc. (NYSE:LSPD) Price Target at $19.88

Shares of Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are presently covering the firm, MarketBeat reports. Nine 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 twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $19.88.

Several brokerages recently issued reports on LSPD. Benchmark boosted their target price on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Friday. TD Securities boosted their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the stock a "hold" rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Lightspeed Commerce from $20.00 to $26.00 in a report on Friday. BMO Capital Markets upped their price target on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. Finally, Piper Sandler upped their price target on shares of Lightspeed Commerce from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday.

Lightspeed Commerce Trading Up 3.7 %

Shares of LSPD traded up $0.65 during trading hours on Tuesday, reaching $18.40. 1,619,161 shares of the company traded hands, compared to its average volume of 1,112,818. The company's fifty day moving average price is $14.92 and its two-hundred day moving average price is $14.13. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of -19.94, a price-to-earnings-growth ratio of 10.75 and a beta of 2.35. 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 12 month low of $11.01 and a 12 month high of $21.71.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $277.18 million during the quarter, compared to analysts' expectations of $273.90 million. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. Equities research analysts predict that Lightspeed Commerce will post 0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Institutional investors have recently made changes to their positions in the company. 1832 Asset Management L.P. boosted its position in Lightspeed Commerce by 345,464.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 404,310 shares of the company's stock worth $5,535,000 after acquiring an additional 404,193 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Lightspeed Commerce in the second quarter valued at $956,000. Intact Investment Management Inc. lifted its holdings in shares of Lightspeed Commerce by 10,117.5% in the third quarter. Intact Investment Management Inc. now owns 877,680 shares of the company's stock valued at $14,473,000 after buying an additional 869,090 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Lightspeed Commerce by 297.6% in the second quarter. Harbor Capital Advisors Inc. now owns 90,296 shares of the company's stock valued at $1,236,000 after buying an additional 67,584 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Lightspeed Commerce by 306.5% in the second quarter. Marshall Wace LLP now owns 807,219 shares of the company's stock valued at $11,051,000 after buying an additional 608,661 shares during the period. 68.68% of the stock is currently owned by institutional investors.

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.