Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report)'s stock price traded up 4.3% during mid-day trading on Tuesday . The company traded as high as $8.73 and last traded at $8.32. 1,073,595 shares were traded during trading, an increase of 14% from the average session volume of 939,536 shares. The stock had previously closed at $7.97.
Analyst Ratings Changes
Several equities research analysts have commented on the company. Scotiabank cut their target price on Lightspeed Commerce from $19.00 to $17.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, March 25th. Barclays cut their price objective on shares of Lightspeed Commerce from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Stifel Nicolaus decreased their target price on shares of Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating for the company in a research report on Friday, March 28th. Bank of America cut their price target on shares of Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Finally, Benchmark decreased their price objective on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $15.09.
Get Our Latest Analysis on Lightspeed Commerce
Lightspeed Commerce Stock Performance
The company's fifty day simple moving average is $11.09 and its two-hundred day simple moving average is $14.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The stock has a market capitalization of $1.40 billion, a P/E ratio of -11.43, a PEG ratio of 3.03 and a beta of 2.52.
Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.03 earnings per share 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%. As a group, equities analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.
Institutional Investors Weigh In On Lightspeed Commerce
Large investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its position in Lightspeed Commerce by 37,065.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company's stock valued at $63,688,000 after purchasing an additional 4,170,557 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Lightspeed Commerce in the 4th quarter valued at $24,334,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Lightspeed Commerce by 266.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company's stock worth $20,660,000 after acquiring an additional 986,100 shares in the last quarter. Intact Investment Management Inc. grew its position in Lightspeed Commerce by 94.5% in the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company's stock valued at $26,031,000 after purchasing an additional 829,577 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Lightspeed Commerce by 304.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 397,752 shares of the company's stock worth $6,061,000 after acquiring an additional 299,482 shares in the last quarter. Institutional investors and hedge funds own 68.68% of the company's stock.
About Lightspeed Commerce
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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.
Further Reading
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