Lightspeed Commerce Inc. (NYSE:LSPD) Receives $18.39 Average Target Price from Analysts

Shares of Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fourteen analysts that are covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $18.39.

Several research analysts have commented on the stock. Scotiabank dropped their price objective on shares of Lightspeed Commerce from $21.00 to $19.00 and set a "sector outperform" rating for the company in a research note on Friday, February 7th. Piper Sandler dropped their price target on shares of Lightspeed Commerce from $17.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. UBS Group cut their price target on shares of Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating on the stock in a report on Friday, February 7th. Barclays decreased their price objective on shares of Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Finally, Bank of America began coverage on Lightspeed Commerce in a research report on Wednesday, February 19th. They set a "buy" rating and a $20.00 target price for the company.

Lightspeed Commerce Price Performance

NYSE:LSPD traded up $0.09 during trading hours on Monday, reaching $10.58. The stock had a trading volume of 392,704 shares, compared to its average volume of 910,304. The stock has a market capitalization of $1.62 billion, a PE ratio of -13.24, a PEG ratio of 3.03 and a beta of 2.44. Lightspeed Commerce has a 52 week low of $10.20 and a 52 week high of $18.96. The company has a 50 day moving average price of $13.20 and a two-hundred day moving average price of $14.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10.

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Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced 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 negative net margin of 11.75% and a positive return on equity of 0.61%. As a group, sell-side analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Hedge funds have recently bought and sold shares of the stock. CIBC Asset Management Inc raised its holdings in Lightspeed Commerce by 0.4% in the fourth quarter. CIBC Asset Management Inc now owns 172,182 shares of the company's stock worth $2,620,000 after purchasing an additional 679 shares in the last quarter. Addenda Capital Inc. boosted its stake in Lightspeed Commerce by 2.0% in the fourth quarter. Addenda Capital Inc. now owns 46,609 shares of the company's stock valued at $710,000 after acquiring an additional 931 shares in the last quarter. Blue Trust Inc. grew its holdings in 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 purchasing an additional 1,025 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Lightspeed Commerce by 5.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company's stock worth $370,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Scotia Capital Inc. grew its stake in Lightspeed Commerce by 12.0% during the 4th quarter. Scotia Capital Inc. now owns 19,225 shares of the company's stock worth $293,000 after buying an additional 2,053 shares during the last quarter. 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.