Lightspeed Commerce (NYSE:LSPD) Price Target Raised to $19.00

Lightspeed Commerce (NYSE:LSPD) had its target price boosted by stock analysts at TD Securities from $15.00 to $19.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective points to a potential upside of 10.47% from the stock’s previous close.

LSPD has been the subject of several other research reports. Wells Fargo & Company dropped their target price on shares of 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. Jefferies Financial Group cut their target price on Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. BMO Capital Markets raised their target price on Lightspeed Commerce from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. BTIG Research reaffirmed a “buy” rating and issued a $21.00 price target on shares of Lightspeed Commerce in a research note on Thursday, September 26th. Finally, Piper Sandler reduced their price objective on shares of Lightspeed Commerce from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.75.

Lightspeed Commerce Trading Up 1.5 %

Shares of LSPD stock traded up $0.25 on Friday, reaching $17.20. 636,457 shares of the stock were exchanged, compared to its average volume of 1,107,032. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.19 and a quick ratio of 6.06. Lightspeed Commerce has a one year low of $11.01 and a one year high of $21.71. The stock has a market cap of $2.61 billion, a PE ratio of -17.46, a P/E/G ratio of 9.52 and a beta of 2.35. The stock has a 50 day moving average price of $14.73 and a 200 day moving average price of $14.06.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Lightspeed Commerce had a negative net margin of 15.55% and a negative return on equity of 0.99%. The company had revenue of $277.18 million for the quarter, compared to the consensus estimate of $273.90 million. Equities research analysts forecast that Lightspeed Commerce will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank boosted its holdings in shares of Lightspeed Commerce by 102.8% during the 2nd quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock worth $94,000 after buying an additional 3,482 shares during the period. Headlands Technologies LLC acquired a new stake in Lightspeed Commerce during the second quarter worth approximately $181,000. Aigen Investment Management LP bought a new stake in shares of Lightspeed Commerce during the third quarter worth approximately $225,000. Duality Advisers LP grew its position 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 during the last quarter. Finally, Addenda Capital Inc. increased its stake 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 worth $603,000 after purchasing an additional 4,196 shares during the period. 68.68% of the stock is currently 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.