Analysts Set Lightspeed Commerce Inc. (NYSE:LSPD) PT at $18.39

Lightspeed Commerce Inc. (NYSE:LSPD) has earned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $18.39.

A number of equities research analysts have commented on LSPD shares. Wells Fargo & Company reduced their price target on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Scotiabank reduced their price target on Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 7th. Barclays cut their target price on Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Piper Sandler cut their target price on Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Finally, Bank of America began coverage on Lightspeed Commerce in a research report on Wednesday, February 19th. They set a “buy” rating and a $20.00 target price on the stock.

Institutional Trading of Lightspeed Commerce

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

Lightspeed Commerce Price Performance

Lightspeed Commerce stock opened at $10.47 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. Lightspeed Commerce has a 52 week low of $10.20 and a 52 week high of $18.96. The stock has a market capitalization of $1.60 billion, a P/E ratio of -13.08, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. The stock has a fifty day moving average of $13.20 and a 200-day moving average of $14.85.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. On average, sell-side analysts expect that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal 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.