Lightspeed Commerce Inc. (NYSE:LSPD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have been given an average rating of “Moderate Buy” by the fifteen research firms that are covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $20.07.

A number of analysts recently issued reports on LSPD shares. TD Securities increased their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Benchmark increased their price objective on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada upgraded shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a report on Friday, November 8th. BTIG Research reissued a “buy” rating and issued a $21.00 price objective on shares of Lightspeed Commerce in a research report on Thursday, September 26th. Finally, Piper Sandler increased their target price on Lightspeed Commerce from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, November 11th.

Lightspeed Commerce Price Performance

Lightspeed Commerce stock opened at $15.59 on Wednesday. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -17.52 and a beta of 2.44. The firm has a 50 day moving average price of $16.65 and a 200 day moving average price of $14.88. Lightspeed Commerce has a 1 year low of $11.01 and a 1 year high of $20.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.94 and a current ratio of 6.08.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. The business had revenue of $277.18 million for the quarter, compared to analyst estimates of $273.90 million. Sell-side analysts predict that Lightspeed Commerce will post -0.02 earnings per share for the current year.

Institutional Trading of Lightspeed Commerce

Several institutional investors and hedge funds have recently bought and sold shares of LSPD. Westfield Capital Management Co. LP boosted its holdings in Lightspeed Commerce by 30.0% in the third quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock worth $54,838,000 after purchasing an additional 766,688 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Lightspeed Commerce by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,205,168 shares of the company’s stock valued at $30,189,000 after buying an additional 64,944 shares during the period. Bank of Montreal Can grew its position in shares of Lightspeed Commerce by 4.9% during the 2nd quarter. Bank of Montreal Can now owns 2,059,914 shares of the company’s stock valued at $28,281,000 after buying an additional 95,832 shares during the last quarter. Azora Capital LP lifted its holdings in Lightspeed Commerce by 3.4% in the third quarter. Azora Capital LP now owns 1,439,331 shares of the company’s stock worth $23,735,000 after acquiring an additional 47,359 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in Lightspeed Commerce by 1.4% in the third quarter. National Bank of Canada FI now owns 1,161,144 shares of the company’s stock valued at $19,146,000 after acquiring an additional 16,267 shares during the period. Institutional investors and hedge funds 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.