Analysts Set Lightspeed Commerce Inc. (NYSE:LSPD) PT at $15.09

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) has received an average recommendation of "Hold" from the eighteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.03.

A number of brokerages have weighed in on LSPD. Bank of America decreased their price objective on shares of Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Benchmark dropped their price objective on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. JPMorgan Chase & Co. restated an "underweight" rating and set a $9.00 price target (down previously from $10.00) on shares of Lightspeed Commerce in a report on Monday. BMO Capital Markets decreased their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Thursday, March 27th. Finally, Atb Cap Markets cut shares of Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 26th.

Hedge Funds Weigh In On Lightspeed Commerce

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in shares of 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 acquiring an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Lightspeed Commerce by 27.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock valued at $158,000 after buying an additional 2,168 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Lightspeed Commerce during the 4th quarter valued at about $165,000. Susquehanna Fundamental Investments LLC acquired a new position in Lightspeed Commerce during the 4th quarter worth approximately $256,000. Finally, Twinbeech Capital LP acquired a new stake in Lightspeed Commerce in the fourth quarter valued at approximately $261,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Lightspeed Commerce Stock Performance

NYSE:LSPD traded up $0.31 during midday trading on Friday, hitting $9.30. The company's stock had a trading volume of 69,660 shares, compared to its average volume of 1,071,392. Lightspeed Commerce has a fifty-two week low of $7.34 and a fifty-two week high of $18.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The firm has a market cap of $1.42 billion, a P/E ratio of -11.62, a P/E/G ratio of 3.03 and a beta of 2.52. The firm's 50 day moving average is $10.92 and its 200-day moving average is $14.20.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

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.