Brokerages Set Lightspeed Commerce Inc. (NYSE:LSPD) PT at $18.39

Lightspeed Commerce Inc. (NYSE:LSPD) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.39.

LSPD has been the topic of a number of recent research reports. Bank of America began coverage on Lightspeed Commerce in a report on Wednesday, February 19th. They set a “buy” rating and a $20.00 price objective on the stock. Barclays decreased their price target on Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company dropped their price objective on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Scotiabank reduced their target price on shares of Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 7th. Finally, Royal Bank of Canada upgraded shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research report on Friday, November 8th.

Lightspeed Commerce Stock Down 0.5 %

LSPD opened at $13.09 on Thursday. The company has a market capitalization of $1.99 billion, a P/E ratio of -16.36, a P/E/G ratio of 3.03 and a beta of 2.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The firm’s fifty day moving average price is $14.65 and its two-hundred day moving average price is $15.05. Lightspeed Commerce has a fifty-two week low of $11.01 and a fifty-two week high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. On average, analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current year.

Institutional Trading of Lightspeed Commerce

Several hedge funds have recently modified their holdings of the stock. State Street Corp raised its position in Lightspeed Commerce by 29.1% in the 3rd quarter. State Street Corp now owns 353,472 shares of the company’s stock worth $5,829,000 after purchasing an additional 79,696 shares during the last quarter. Intact Investment Management Inc. raised its position in shares of Lightspeed Commerce by 10,117.5% during the third quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock worth $14,473,000 after acquiring an additional 869,090 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Lightspeed Commerce during the third quarter valued at $499,000. Westfield Capital Management Co. LP boosted its holdings in Lightspeed Commerce by 30.0% in the third quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock valued at $54,838,000 after acquiring an additional 766,688 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Lightspeed Commerce by 226.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,500 shares of the company’s stock worth $6,108,000 after purchasing an additional 256,900 shares during the period. 68.68% of the stock is owned by institutional investors.

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.