Lightspeed Commerce (NYSE:LSPD) Earns Buy Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of Lightspeed Commerce (NYSE:LSPD) in a research note released on Thursday morning, Benzinga reports. They currently have a $20.00 target price on the stock.

A number of other research firms also recently issued reports on LSPD. BMO Capital Markets boosted their target price on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the company an outperform rating in a research report on Thursday. Jefferies Financial Group dropped their target price on shares of Lightspeed Commerce from $22.00 to $20.00 and set a hold rating on the stock in a research report on Wednesday, August 21st. BTIG Research reiterated a buy rating and set a $21.00 target price on shares of Lightspeed Commerce in a research report on Thursday. TD Securities dropped their target price on shares of Lightspeed Commerce from $16.00 to $15.00 and set a hold rating on the stock in a research report on Friday, August 2nd. Finally, Royal Bank of Canada downgraded shares of Lightspeed Commerce from a moderate buy rating to a strong sell rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $18.59.

Lightspeed Commerce Stock Up 2.1 %

Shares of NYSE LSPD opened at $16.76 on Thursday. The company has a market capitalization of $2.54 billion, a P/E ratio of -15.66, a price-to-earnings-growth ratio of 8.59 and a beta of 2.32. Lightspeed Commerce has a 52-week low of $11.01 and a 52-week high of $21.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.06 and a current ratio of 6.19. The company’s 50 day moving average price is $13.17 and its 200-day moving average price is $13.65.

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

Institutional Trading of Lightspeed Commerce

Several institutional investors have recently made changes to their positions in LSPD. Westfield Capital Management Co. LP bought a new stake in shares of Lightspeed Commerce in the 1st quarter worth $34,984,000. Norges Bank bought a new position in Lightspeed Commerce during the fourth quarter valued at about $25,993,000. Azora Capital LP grew its position in Lightspeed Commerce by 133.1% during the fourth quarter. Azora Capital LP now owns 1,579,312 shares of the company’s stock valued at $33,166,000 after buying an additional 901,861 shares during the period. NewGen Asset Management Ltd bought a new position in Lightspeed Commerce during the second quarter valued at about $9,241,000. Finally, Marshall Wace LLP grew its position in Lightspeed Commerce by 306.5% during the second quarter. Marshall Wace LLP now owns 807,219 shares of the company’s stock valued at $11,051,000 after buying an additional 608,661 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.