Lightspeed Commerce (NYSE:LSPD) Raised to "Moderate Buy" at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Lightspeed Commerce (NYSE:LSPD - Free Report) from a strong sell rating to a moderate buy rating in a research report sent to investors on Friday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets increased their price target on Lightspeed Commerce from $18.00 to $20.00 and gave the stock an "outperform" rating in a report on Thursday, September 26th. Piper Sandler increased their price target on Lightspeed Commerce from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday. BTIG Research reissued a "buy" rating and issued a $21.00 price target on shares of Lightspeed Commerce in a research report on Thursday, September 26th. Wells Fargo & Company decreased their target price on Lightspeed Commerce from $17.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 31st. Finally, Benchmark raised their target price on Lightspeed Commerce from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Friday. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lightspeed Commerce presently has an average rating of "Moderate Buy" and a consensus target price of $19.88.

Lightspeed Commerce Trading Up 3.2 %

NYSE:LSPD traded up $0.57 on Friday, reaching $18.32. 687,697 shares of the stock traded hands, compared to its average volume of 1,108,565. The firm has a market capitalization of $2.78 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's 50 day moving average is $14.92 and its 200-day moving average is $14.13. The company has a current ratio of 6.19, a quick ratio of 6.06 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 1-year low of $11.01 and a 1-year high of $21.71.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank boosted its position in shares of Lightspeed Commerce by 102.8% during the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company's stock valued at $94,000 after purchasing an additional 3,482 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Lightspeed Commerce during the second quarter valued at $181,000. Aigen Investment Management LP bought a new position in shares of Lightspeed Commerce during the third quarter valued at $225,000. Addenda Capital Inc. lifted its holdings in shares of Lightspeed Commerce by 10.5% during the second quarter. Addenda Capital Inc. now owns 44,041 shares of the company's stock valued at $603,000 after purchasing an additional 4,196 shares in the last quarter. Finally, Boulder Hill Capital Management LP purchased a new stake in Lightspeed Commerce during the first quarter valued at $811,000. Institutional investors own 68.68% of the company's stock.

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.