TD Securities Forecasts Strong Price Appreciation for Lightspeed Commerce (NYSE:LSPD) Stock

Lightspeed Commerce (NYSE:LSPD) had its price objective hoisted by TD Securities from $15.00 to $19.00 in a report issued on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other brokerages have also commented on LSPD. BTIG Research reiterated a “buy” rating and issued a $21.00 price objective on shares of Lightspeed Commerce in a research report on Thursday, September 26th. JPMorgan Chase & Co. decreased their target price on Lightspeed Commerce from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Piper Sandler decreased their target price on Lightspeed Commerce from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company decreased 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. Finally, Benchmark boosted their price objective on Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.88.

Lightspeed Commerce Price Performance

Shares of LSPD stock opened at $17.75 on Friday. The stock has a 50-day moving average price of $14.92 and a 200 day moving average price of $14.13. The company has a quick ratio of 6.06, a current ratio of 6.19 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -19.94, a PEG ratio of 10.75 and a beta of 2.35. Lightspeed Commerce has a 12 month low of $11.01 and a 12 month high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $277.18 million during the quarter, compared to analyst estimates of $273.90 million. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. Research analysts expect that Lightspeed Commerce will post 0.05 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of hedge funds have recently made changes to their positions in LSPD. Westfield Capital Management Co. LP acquired a new stake in Lightspeed Commerce in the first quarter valued at approximately $34,984,000. Intact Investment Management Inc. grew its stake in Lightspeed Commerce by 10,117.5% in the third quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock valued at $14,473,000 after acquiring an additional 869,090 shares during the period. NewGen Asset Management Ltd acquired a new stake in Lightspeed Commerce in the second quarter valued at approximately $9,241,000. Marshall Wace LLP grew its stake in Lightspeed Commerce by 306.5% in the second quarter. Marshall Wace LLP now owns 807,219 shares of the company’s stock valued at $11,051,000 after acquiring an additional 608,661 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in Lightspeed Commerce by 345,464.1% in the second quarter. 1832 Asset Management L.P. now owns 404,310 shares of the company’s stock valued at $5,535,000 after acquiring an additional 404,193 shares during the period. 68.68% of the stock is currently 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.