BTIG Research Reaffirms Buy Rating for Lightspeed Commerce (NYSE:LSPD)

BTIG Research reiterated their buy rating on shares of Lightspeed Commerce (NYSE:LSPD) in a research report released on Thursday morning, Benzinga reports. They currently have a $21.00 target price on the stock.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set a neutral rating for the company in a report on Tuesday, August 20th. TD Securities dropped their target price on shares of Lightspeed Commerce from $16.00 to $15.00 and set a hold rating for the company in a report on Friday, August 2nd. Jefferies Financial Group dropped their target price on shares of Lightspeed Commerce from $22.00 to $20.00 and set a hold rating for the company in a report on Wednesday, August 21st. Benchmark started coverage on shares of Lightspeed Commerce in a report on Tuesday, September 17th. They issued a buy rating and a $20.00 target price for the company. Finally, Royal Bank of Canada downgraded shares of Lightspeed Commerce from a moderate buy rating to a strong sell rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lightspeed Commerce presently has a consensus rating of Hold and an average target price of $18.59.

Lightspeed Commerce Trading Up 2.1 %

Shares of LSPD stock opened at $16.76 on Thursday. Lightspeed Commerce has a 1 year low of $11.01 and a 1 year high of $21.71. The firm has a fifty day moving average price of $13.17 and a 200-day moving average price of $13.65. 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 company has a market cap of $2.54 billion, a price-to-earnings ratio of -15.66, a PEG ratio of 8.59 and a beta of 2.32.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Lightspeed Commerce had a negative net margin of 15.55% and a negative return on equity of 0.99%. The firm had revenue of $266.10 million during the quarter, compared to the consensus estimate of $258.58 million. During the same quarter in the previous year, the firm posted ($0.14) EPS. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, equities analysts predict that Lightspeed Commerce will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. TD Asset Management Inc lifted its holdings in shares of Lightspeed Commerce by 0.5% in the 4th quarter. TD Asset Management Inc now owns 361,808 shares of the company’s stock valued at $7,633,000 after acquiring an additional 1,938 shares during the last quarter. Addenda Capital Inc. lifted its stake in Lightspeed Commerce by 5.3% in the first quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock worth $560,000 after purchasing an additional 1,990 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Lightspeed Commerce by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 114,808 shares of the company’s stock worth $1,567,000 after purchasing an additional 2,459 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new stake in Lightspeed Commerce in the first quarter worth about $35,000. Finally, Toronto Dominion Bank lifted its stake in Lightspeed Commerce by 102.8% in the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock worth $94,000 after purchasing an additional 3,482 shares during the last quarter. 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.