Piper Sandler Increases Lightspeed Commerce (NYSE:LSPD) Price Target to $17.00

Lightspeed Commerce (NYSE:LSPD) had its price objective upped by Piper Sandler from $15.00 to $17.00 in a report issued on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also recently issued reports on LSPD. Benchmark boosted their target price on Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, November 8th. TD Securities raised their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. BMO Capital Markets increased their price target on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Jefferies Financial Group cut their price objective on Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Finally, BTIG Research restated a “buy” rating and issued a $21.00 target price on shares of Lightspeed Commerce in a research note on Thursday, September 26th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Lightspeed Commerce currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.88.

Lightspeed Commerce Price Performance

LSPD opened at $17.59 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. Lightspeed Commerce has a 1 year low of $11.01 and a 1 year high of $21.71. The stock’s 50 day simple moving average is $15.24 and its 200 day simple moving average is $14.22. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -19.76, a PEG ratio of 6.98 and a beta of 2.35.

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

Institutional Investors Weigh In On Lightspeed Commerce

A number of large investors have recently added to or reduced their stakes in LSPD. Toronto Dominion Bank boosted its stake in shares of Lightspeed Commerce by 102.8% during the 2nd quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock worth $94,000 after acquiring an additional 3,482 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Lightspeed Commerce in the second quarter worth approximately $181,000. Aigen Investment Management LP purchased a new stake in shares of Lightspeed Commerce in the third quarter worth $225,000. Algert Global LLC bought a new stake in shares of Lightspeed Commerce during the 3rd quarter valued at $448,000. Finally, Verition Fund Management LLC bought a new stake in Lightspeed Commerce during the third quarter valued at about $499,000. 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.