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

Lightspeed Commerce Inc. (NYSE:LSPD) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.39.

Several equities analysts have recently issued reports on LSPD shares. JPMorgan Chase & Co. boosted their price objective on Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. Barclays reduced their price target on Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Royal Bank of Canada raised Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a report on Friday, November 8th. Scotiabank cut 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 research note on Friday, February 7th. Finally, UBS Group decreased their target price on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a research report on Friday, February 7th.

Lightspeed Commerce Stock Performance

LSPD stock opened at $12.94 on Thursday. Lightspeed Commerce has a 1 year low of $11.01 and a 1 year high of $18.96. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -16.17, a PEG ratio of 3.03 and a beta of 2.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The stock’s fifty day moving average is $14.52 and its two-hundred day moving average is $15.04.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data 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%. On average, research analysts predict that Lightspeed Commerce will post 0.08 EPS for the current year.

Institutional Trading of Lightspeed Commerce

Large investors have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of Lightspeed Commerce by 29.1% in the third quarter. State Street Corp now owns 353,472 shares of the company’s stock valued at $5,829,000 after buying an additional 79,696 shares in the last quarter. Intact Investment Management Inc. raised its position in shares of Lightspeed Commerce by 10,117.5% during the third quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock worth $14,473,000 after purchasing an additional 869,090 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Lightspeed Commerce during the third quarter worth $499,000. Westfield Capital Management Co. LP lifted its holdings in shares of Lightspeed Commerce by 30.0% during the third quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock valued at $54,838,000 after purchasing an additional 766,688 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Lightspeed Commerce by 226.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,500 shares of the company’s stock valued at $6,108,000 after purchasing an additional 256,900 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.