BMO Capital Markets Boosts Lightspeed Commerce (NYSE:LSPD) Price Target to $20.00

Lightspeed Commerce (NYSE:LSPD) had its price target raised by BMO Capital Markets from $18.00 to $20.00 in a research report released on Thursday, MarketBeat Ratings reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also commented on LSPD. Benchmark initiated coverage on Lightspeed Commerce in a research note on Tuesday, September 17th. They set a buy rating and a $20.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on Lightspeed Commerce from $15.00 to $14.00 and set a neutral rating on the stock in a research note on Tuesday, August 20th. TD Securities decreased their price target on Lightspeed Commerce from $16.00 to $15.00 and set a hold rating on the stock in a research note on Friday, August 2nd. Wells Fargo & Company decreased their price target on Lightspeed Commerce from $17.00 to $15.00 and set an equal weight rating on the stock in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group decreased their price target on Lightspeed Commerce from $22.00 to $20.00 and set a hold rating on the stock in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $18.59.

Lightspeed Commerce Price Performance

Shares of LSPD opened at $16.76 on Thursday. Lightspeed Commerce has a twelve month low of $11.01 and a twelve month high of $21.71. The stock’s 50 day moving average is $13.17 and its two-hundred day moving average is $13.65. The firm has a market capitalization of $2.54 billion, a PE ratio of -15.66, a P/E/G ratio of 8.59 and a beta of 2.32. The company has a current ratio of 6.19, a quick ratio of 6.06 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Lightspeed Commerce had a negative return on equity of 0.99% and a negative net margin of 15.55%. The company had revenue of $266.10 million for the quarter, compared to analyst estimates of $258.58 million. During the same quarter in the previous year, the company earned ($0.14) EPS. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. Research analysts anticipate that Lightspeed Commerce will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Dixon Mitchell Investment Counsel Inc. acquired a new position in Lightspeed Commerce in the 1st quarter valued at $35,000. Toronto Dominion Bank increased its holdings in shares of Lightspeed Commerce by 102.8% during the 2nd quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock worth $94,000 after buying an additional 3,482 shares during the last quarter. Conestoga Capital Advisors LLC acquired a new stake in shares of Lightspeed Commerce during the 1st quarter worth $141,000. Headlands Technologies LLC acquired a new stake in shares of Lightspeed Commerce during the 2nd quarter worth $181,000. Finally, Duality Advisers LP increased its holdings in shares of Lightspeed Commerce by 160.8% during the 1st quarter. Duality Advisers LP now owns 34,337 shares of the company’s stock worth $483,000 after buying an additional 21,172 shares during the last quarter. 68.68% of the stock is currently owned by institutional investors and hedge funds.

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.