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

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $19.50.

LSPD has been the subject of a number of recent research reports. Royal Bank of Canada upgraded shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a report on Friday, November 8th. TD Securities upped their price target on Lightspeed Commerce from $15.00 to $19.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Piper Sandler raised their price objective on Lightspeed Commerce from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Barclays cut Lightspeed Commerce from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $20.00 to $18.00 in a research report on Friday, January 10th. Finally, Benchmark lifted their price target on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

Hedge Funds Weigh In On Lightspeed Commerce

Several large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of Lightspeed Commerce by 214.4% during the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after purchasing an additional 1,025 shares during the period. Toronto Dominion Bank boosted its stake in Lightspeed Commerce by 102.8% during the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock worth $94,000 after buying an additional 3,482 shares in the last quarter. Aigen Investment Management LP bought a new stake in Lightspeed Commerce in the 3rd quarter valued at $225,000. Polar Asset Management Partners Inc. acquired a new position in shares of Lightspeed Commerce in the 3rd quarter valued at $412,000. Finally, Algert Global LLC bought a new position in shares of Lightspeed Commerce during the 3rd quarter worth about $448,000. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Stock Performance

Shares of NYSE LSPD opened at $14.71 on Friday. Lightspeed Commerce has a one year low of $11.01 and a one year high of $20.09. The business’s 50-day moving average price is $16.02 and its two-hundred day moving average price is $14.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. The company has a market capitalization of $2.23 billion, a P/E ratio of -16.52 and a beta of 2.44.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $277.18 million for the quarter, compared to analyst estimates of $273.90 million. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. Analysts anticipate that Lightspeed Commerce will post -0.02 earnings per share for the current fiscal year.

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.