Lightspeed Commerce (NYSE:LSPD) Now Covered by Analysts at Benchmark

Analysts at Benchmark assumed coverage on shares of Lightspeed Commerce (NYSE:LSPD) in a research note issued on Tuesday, Benzinga reports. The brokerage set a “buy” rating and a $20.00 price target on the stock. Benchmark’s target price indicates a potential upside of 55.70% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Lightspeed Commerce from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. UBS Group upped their target price on Lightspeed Commerce from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. BMO Capital Markets lowered their target price on Lightspeed Commerce from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. TD Securities reduced 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. Finally, Piper Sandler lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lightspeed Commerce currently has a consensus rating of “Hold” and a consensus price target of $18.65.

Lightspeed Commerce Trading Up 1.8 %

NYSE LSPD opened at $12.85 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.06 and a current ratio of 6.19. Lightspeed Commerce has a fifty-two week low of $11.01 and a fifty-two week high of $21.71. The stock has a market cap of $1.97 billion, a P/E ratio of -12.00, a price-to-earnings-growth ratio of 62.94 and a beta of 2.32. The stock has a 50 day simple moving average of $13.04 and a two-hundred day simple moving average of $13.60.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $266.10 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.14) earnings per share. On average, analysts forecast that Lightspeed Commerce will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSPD. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Lightspeed Commerce in the 1st quarter worth $35,000. Toronto Dominion Bank increased its holdings in Lightspeed Commerce by 102.8% in 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 in the last quarter. Conestoga Capital Advisors LLC bought a new position in Lightspeed Commerce during the 1st quarter valued at about $141,000. Headlands Technologies LLC purchased a new stake in shares of Lightspeed Commerce during the 2nd quarter valued at about $181,000. Finally, Duality Advisers LP boosted 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 valued at $483,000 after acquiring 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.