Lightspeed Commerce Inc. (NYSE:LSPD) to Post Q4 2024 Earnings of ($0.17) Per Share, National Bank Financial Forecasts

Lightspeed Commerce Inc. (NYSE:LSPD) – Investment analysts at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for Lightspeed Commerce in a research note issued to investors on Wednesday, April 17th. National Bank Financial analyst R. Tse forecasts that the company will post earnings per share of ($0.17) for the quarter. National Bank Financial currently has a “Sector Perform Market Weight” rating on the stock. The consensus estimate for Lightspeed Commerce’s current full-year earnings is ($0.50) per share.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, February 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.12. Lightspeed Commerce had a negative return on equity of 2.68% and a negative net margin of 23.85%. The company had revenue of $239.70 million during the quarter, compared to analyst estimates of $236.31 million.

A number of other research analysts have also commented on LSPD. BMO Capital Markets decreased their price objective on Lightspeed Commerce from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. Barclays reduced their price objective on Lightspeed Commerce from $23.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. National Bankshares dropped their target price on Lightspeed Commerce from $20.00 to $15.00 and set a “sector perform” rating for the company in a research report on Thursday. Piper Sandler reiterated a “neutral” rating and issued a $18.00 target price on shares of Lightspeed Commerce in a research report on Thursday, February 15th. Finally, Wells Fargo & Company dropped their target price on Lightspeed Commerce from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, February 9th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.74.

Lightspeed Commerce Stock Down 0.4 %

LSPD opened at $12.94 on Friday. Lightspeed Commerce has a 1-year low of $12.23 and a 1-year high of $21.71. The stock’s fifty day simple moving average is $13.67 and its 200 day simple moving average is $15.70. The company has a current ratio of 6.21, a quick ratio of 6.09 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.98 billion, a PE ratio of -9.58 and a beta of 2.37.

Institutional Trading of Lightspeed Commerce

Several large investors have recently modified their holdings of LSPD. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Lightspeed Commerce in the first quarter worth $35,000. PNC Financial Services Group Inc. increased its stake in Lightspeed Commerce by 112.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,299 shares of the company’s stock worth $40,000 after acquiring an additional 688 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Lightspeed Commerce by 2,570.7% during the third quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company’s stock valued at $56,000 after buying an additional 3,856 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Lightspeed Commerce by 53.2% in the third quarter. Advisors Asset Management Inc. now owns 4,553 shares of the company’s stock worth $64,000 after purchasing an additional 1,582 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Lightspeed Commerce by 24.1% during the second quarter. Captrust Financial Advisors now owns 2,975 shares of the company’s stock worth $66,000 after buying an additional 577 shares during the period. Institutional investors own 68.68% of the company’s stock.

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.