Brokerages Set Lightspeed Commerce Inc. (NYSE:LSPD) Target Price at $20.07

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

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. BMO Capital Markets boosted their target price on Lightspeed Commerce from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Piper Sandler boosted their price objective on Lightspeed Commerce from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. BTIG Research reissued a “buy” rating and issued a $21.00 target price on shares of Lightspeed Commerce in a research report on Thursday, September 26th. Finally, Benchmark lifted their price objective on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Institutional Investors Weigh In On Lightspeed Commerce

Large investors have recently bought and sold shares of the business. CIBC Asset Management Inc lifted its position in shares of Lightspeed Commerce by 6.6% in the second quarter. CIBC Asset Management Inc now owns 175,008 shares of the company’s stock worth $2,391,000 after buying an additional 10,809 shares during the last quarter. TD Asset Management Inc lifted its holdings in Lightspeed Commerce by 0.7% in the 2nd quarter. TD Asset Management Inc now owns 384,137 shares of the company’s stock worth $5,250,000 after purchasing an additional 2,828 shares during the last quarter. Headlands Technologies LLC bought a new stake in Lightspeed Commerce during the second quarter worth approximately $181,000. Dimensional Fund Advisors LP grew its holdings in Lightspeed Commerce by 3.0% during the second 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. Finally, Canada Pension Plan Investment Board raised its position in shares of Lightspeed Commerce by 10.7% in the second quarter. Canada Pension Plan Investment Board now owns 206,700 shares of the company’s stock valued at $2,825,000 after purchasing an additional 20,000 shares during the period. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Price Performance

Shares of NYSE LSPD opened at $15.72 on Wednesday. The firm’s 50-day simple moving average is $16.61 and its 200 day simple moving average is $14.83. The stock has a market cap of $2.39 billion, a P/E ratio of -17.66 and a beta of 2.40. The company has a quick ratio of 5.94, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a fifty-two week low of $11.01 and a fifty-two week high of $20.09.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $277.18 million for the quarter, compared to analyst estimates of $273.90 million. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. Equities analysts expect that Lightspeed Commerce will post -0.02 EPS for the current year.

About Lightspeed Commerce

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.