Lightspeed Commerce (NYSE:LSPD) Receives Buy Rating from BTIG Research

BTIG Research reiterated their buy rating on shares of Lightspeed Commerce (NYSE:LSPD) in a report issued on Thursday morning, Benzinga reports. BTIG Research currently has a $21.00 target price on the stock.

A number of other research firms also recently weighed in on LSPD. Wells Fargo & Company dropped their target price on Lightspeed Commerce from $17.00 to $15.00 and set an equal weight rating for the company in a research report on Wednesday, July 31st. TD Securities dropped their price objective on Lightspeed Commerce from $16.00 to $15.00 and set a hold rating for the company in a report on Friday, August 2nd. BMO Capital Markets raised their target price on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the company an outperform rating in a research note on Thursday. Royal Bank of Canada downgraded shares of Lightspeed Commerce from a moderate buy rating to a strong sell rating in a research note on Thursday, August 15th. Finally, Benchmark started coverage on shares of Lightspeed Commerce in a research note on Tuesday, September 17th. They issued a buy rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lightspeed Commerce has an average rating of Hold and an average target price of $18.59.

Lightspeed Commerce Price Performance

Lightspeed Commerce stock opened at $16.76 on Thursday. The business’s fifty day moving average is $13.17 and its two-hundred day moving average is $13.65. 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 firm has a market cap of $2.57 billion, a P/E ratio of -15.66, a P/E/G 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.

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 the consensus estimate of $0.07 by $0.03. The business 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 firm’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) EPS. Equities research analysts forecast that Lightspeed Commerce will post 0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Several institutional investors have recently added to or reduced their stakes in the stock. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Lightspeed Commerce in the 1st quarter valued at about $35,000. Toronto Dominion Bank grew its stake 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 acquiring an additional 3,482 shares in the last quarter. Conestoga Capital Advisors LLC acquired a new stake in shares of Lightspeed Commerce in the first quarter valued at approximately $141,000. Headlands Technologies LLC bought a new stake in shares of Lightspeed Commerce in the second quarter worth $181,000. Finally, Duality Advisers LP boosted its holdings in Lightspeed Commerce by 160.8% during the first quarter. Duality Advisers LP now owns 34,337 shares of the company’s stock worth $483,000 after purchasing an additional 21,172 shares during the last quarter. 68.68% of the stock is owned by institutional investors.

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.