Brokerages Set Lightspeed Commerce Inc. (NYSE:LSPD) Target Price at $18.59

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) has been given an average rating of "Hold" by the eighteen analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $18.59.

A number of analysts have issued reports on LSPD shares. Piper Sandler lowered their target price on Lightspeed Commerce from $17.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Wells Fargo & Company dropped their target price on shares of Lightspeed Commerce from $17.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 31st. Jefferies Financial Group cut their target price on shares of Lightspeed Commerce from $22.00 to $20.00 and set a "hold" rating for the company in a research note on Wednesday, August 21st. Benchmark restated a "buy" rating and issued a $20.00 price target on shares of Lightspeed Commerce in a research report on Thursday, September 26th. Finally, BTIG Research reiterated a "buy" rating and issued a $21.00 target price on shares of Lightspeed Commerce in a research note on Thursday, September 26th.

Lightspeed Commerce Stock Up 0.4 %

Shares of LSPD stock traded up $0.07 on Friday, hitting $15.79. The company's stock had a trading volume of 341,348 shares, compared to its average volume of 1,123,209. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.19 and a quick ratio of 6.06. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -14.76, a P/E/G ratio of 10.07 and a beta of 2.34. Lightspeed Commerce has a fifty-two week low of $11.01 and a fifty-two week high of $21.71. The firm's fifty day moving average price is $14.11 and its 200-day moving average price is $13.90.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. The company had revenue of $266.10 million for the quarter, compared to analyst estimates of $258.58 million. Lightspeed Commerce had a negative net margin of 15.55% and a negative return on equity of 0.99%. The company's quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) earnings per share. Research analysts anticipate that Lightspeed Commerce will post 0.05 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Lightspeed Commerce by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 5,037,088 shares of the company's stock worth $105,728,000 after acquiring an additional 98,587 shares in the last quarter. Addenda Capital Inc. increased its holdings in Lightspeed Commerce by 5.3% during the 1st quarter. Addenda Capital Inc. now owns 39,845 shares of the company's stock worth $560,000 after purchasing an additional 1,990 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Lightspeed Commerce in the 1st quarter valued at about $35,000. Capstone Investment Advisors LLC lifted its holdings in shares of Lightspeed Commerce by 481.9% in the first quarter. Capstone Investment Advisors LLC now owns 147,635 shares of the company's stock valued at $2,076,000 after purchasing an additional 122,265 shares in the last quarter. Finally, Duality Advisers LP lifted its holdings in shares of Lightspeed Commerce by 160.8% in the first quarter. Duality Advisers LP now owns 34,337 shares of the company's stock valued at $483,000 after purchasing an additional 21,172 shares in the last quarter. 68.68% of the stock is 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.