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

Lightspeed Commerce Inc. (NYSE:LSPD) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $20.07.

A number of research analysts recently weighed in on LSPD shares. Benchmark lifted their price objective on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective on shares of Lightspeed Commerce from $20.00 to $26.00 in a report on Friday, November 8th. TD Securities boosted their price target on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Piper Sandler boosted their price target on shares of Lightspeed Commerce from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Finally, BTIG Research reiterated a “buy” rating and set a $21.00 price target on shares of Lightspeed Commerce in a report on Thursday, September 26th.

Lightspeed Commerce Price Performance

Lightspeed Commerce stock opened at $17.31 on Friday. The company’s 50 day simple moving average is $16.55 and its 200-day simple moving average is $14.66. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of -19.44 and a beta of 2.40. Lightspeed Commerce has a 1 year low of $11.01 and a 1 year high of $21.71. 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 announced its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $277.18 million during the quarter, compared to analysts’ expectations of $273.90 million. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. As a group, equities research analysts expect 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 the business. Westfield Capital Management Co. LP raised its position in Lightspeed Commerce by 30.0% in the 3rd 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. Dimensional Fund Advisors LP raised its position in 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 purchasing an additional 64,944 shares during the last quarter. Bank of Montreal Can raised its position in Lightspeed Commerce by 4.9% in the 2nd quarter. Bank of Montreal Can now owns 2,059,914 shares of the company’s stock valued at $28,281,000 after purchasing an additional 95,832 shares during the last quarter. Azora Capital LP raised its position in Lightspeed Commerce by 3.4% in the 3rd quarter. Azora Capital LP now owns 1,439,331 shares of the company’s stock valued at $23,735,000 after purchasing an additional 47,359 shares during the last quarter. Finally, National Bank of Canada FI raised its position in Lightspeed Commerce by 1.4% during the 3rd quarter. National Bank of Canada FI now owns 1,161,144 shares of the company’s stock worth $19,146,000 after buying an additional 16,267 shares during the last quarter. Hedge funds and other 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.