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

Lightspeed Commerce Inc. (NYSE:LSPD) has received a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the company, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $18.74.

Several analysts have issued reports on the company. Truist Financial upped their target price on Lightspeed Commerce from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, January 12th. 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 report on Friday, February 9th. TD Securities cut Lightspeed Commerce from a “buy” rating to a “hold” rating and dropped their target price for the company from $25.00 to $17.50 in a report on Friday, February 9th. Barclays dropped their target price on Lightspeed Commerce from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Finally, Piper Sandler restated a “neutral” rating and issued a $18.00 target price on shares of Lightspeed Commerce in a report on Thursday, February 15th.

Hedge Funds Weigh In On Lightspeed Commerce

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dixon Mitchell Investment Counsel Inc. purchased a new position in Lightspeed Commerce during the 1st quarter valued at about $35,000. Duality Advisers LP purchased a new position in Lightspeed Commerce during the 4th quarter valued at about $276,000. New York State Common Retirement Fund boosted its holdings in Lightspeed Commerce by 13.9% during the 3rd quarter. New York State Common Retirement Fund now owns 20,350 shares of the company’s stock valued at $286,000 after acquiring an additional 2,482 shares during the period. Cidel Asset Management Inc. boosted its holdings in Lightspeed Commerce by 44.1% during the 3rd quarter. Cidel Asset Management Inc. now owns 25,870 shares of the company’s stock valued at $365,000 after acquiring an additional 7,920 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Lightspeed Commerce by 15.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,372 shares of the company’s stock valued at $400,000 after acquiring an additional 3,731 shares during the period. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Lightspeed Commerce Stock Down 2.7 %

NYSE LSPD opened at $13.22 on Friday. The business has a fifty day moving average price of $13.63 and a 200 day moving average price of $15.69. Lightspeed Commerce has a one year low of $12.23 and a one year high of $21.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.09 and a current ratio of 6.21. The company has a market cap of $2.03 billion, a P/E ratio of -9.79 and a beta of 2.37.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.08) EPS for the quarter, beating 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 firm had revenue of $239.70 million during the quarter, compared to the consensus estimate of $236.31 million. Research analysts anticipate that Lightspeed Commerce will post -0.5 EPS for the current fiscal year.

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.