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

Lightspeed Commerce (NYSE:LSPD) had its target price lifted by TD Securities from $15.00 to $19.00 in a research report released on Friday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.

A number of other research analysts have also weighed in on the company. BTIG Research reaffirmed a “buy” rating and set a $21.00 price objective on shares of Lightspeed Commerce in a research report on Thursday, September 26th. Piper Sandler reduced 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. Benchmark raised 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. Jefferies Financial Group reduced their target price on Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. Finally, Wells Fargo & Company reduced their target price on Lightspeed Commerce from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.88.

Lightspeed Commerce Trading Up 4.0 %

Shares of LSPD stock opened at $17.75 on Friday. The stock has a market capitalization of $2.69 billion, a PE ratio of -19.94, a P/E/G ratio of 10.75 and a beta of 2.35. Lightspeed Commerce has a 1-year low of $11.01 and a 1-year high of $21.71. The business has a 50-day moving average of $14.92 and a 200 day moving average of $14.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.19 and a quick ratio of 6.06.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. The business had revenue of $277.18 million during the quarter, compared to analysts’ expectations of $273.90 million. As a group, sell-side analysts anticipate that Lightspeed Commerce will post 0.05 earnings per share for the current year.

Institutional Trading of Lightspeed Commerce

A number of hedge funds have recently bought and sold shares of the stock. Duality Advisers LP lifted 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 purchasing an additional 21,172 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new stake in Lightspeed Commerce during the 1st quarter worth about $1,898,000. Westfield Capital Management Co. LP acquired a new stake in Lightspeed Commerce during the 1st quarter worth about $34,984,000. Vanguard Group Inc. grew its position in Lightspeed Commerce by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 5,099,482 shares of the company’s stock worth $71,699,000 after purchasing an additional 62,394 shares during the period. Finally, Boulder Hill Capital Management LP acquired a new stake in Lightspeed Commerce during the 1st quarter worth about $811,000. Hedge funds and other 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.