Lightspeed Commerce Inc. (NYSE:LSPD) Receives $18.39 Consensus Price Target from Analysts

Lightspeed Commerce Inc. (NYSE:LSPD) has been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $18.39.

LSPD has been the topic of several recent analyst reports. Piper Sandler decreased their price objective on shares of Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Barclays decreased their price objective on shares of Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. UBS Group decreased their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a report on Friday, February 7th. Scotiabank decreased their price objective on shares of Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a report on Friday, February 7th. Finally, Bank of America initiated coverage on shares of Lightspeed Commerce in a report on Wednesday, February 19th. They issued a “buy” rating and a $20.00 price objective on the stock.

Institutional Investors Weigh In On Lightspeed Commerce

A number of large investors have recently modified their holdings of the company. Mackenzie Financial Corp increased its position in shares of Lightspeed Commerce by 156.9% in the 4th quarter. Mackenzie Financial Corp now owns 360,221 shares of the company’s stock valued at $5,487,000 after purchasing an additional 220,000 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Lightspeed Commerce by 17.6% in the 4th quarter. Toronto Dominion Bank now owns 20,477 shares of the company’s stock valued at $312,000 after purchasing an additional 3,069 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Lightspeed Commerce by 6.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,854 shares of the company’s stock valued at $1,871,000 after purchasing an additional 7,022 shares during the last quarter. Twinbeech Capital LP purchased a new stake in shares of Lightspeed Commerce in the 4th quarter valued at approximately $261,000. Finally, Two Sigma Advisers LP increased its position in shares of Lightspeed Commerce by 165.6% in the 4th quarter. Two Sigma Advisers LP now owns 64,800 shares of the company’s stock valued at $987,000 after purchasing an additional 40,400 shares during the last quarter. 68.68% of the stock is owned by hedge funds and other institutional investors.

Lightspeed Commerce Stock Performance

NYSE:LSPD opened at $10.63 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -13.28, a PEG ratio of 3.03 and a beta of 2.44. The company’s 50-day moving average is $13.02 and its two-hundred day moving average is $14.80. Lightspeed Commerce has a 1-year low of $10.20 and a 1-year high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. Analysts forecast that Lightspeed Commerce will post 0.08 EPS for the current year.

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.