Lightspeed Commerce (NYSE:LSPD) Price Target Raised to $17.00

Lightspeed Commerce (NYSE:LSPD) had its price target raised by Piper Sandler from $15.00 to $17.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group decreased their price target on shares of Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. BTIG Research restated a “buy” rating and set a $21.00 target price on shares of Lightspeed Commerce in a research report on Thursday, September 26th. Wells Fargo & Company reduced their price target on Lightspeed Commerce from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 31st. Benchmark lifted their price objective on Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, TD Securities raised their price target on Lightspeed Commerce from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned 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 an average target price of $19.88.

Lightspeed Commerce Stock Performance

Shares of NYSE LSPD opened at $18.35 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. The business’s 50 day moving average price is $15.03 and its two-hundred day moving average price is $14.16. Lightspeed Commerce has a twelve month low of $11.01 and a twelve month high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $277.18 million for 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%. Analysts predict that Lightspeed Commerce will post 0.05 EPS for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Several hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank increased its position in Lightspeed Commerce by 102.8% in the 2nd quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock valued at $94,000 after acquiring an additional 3,482 shares during the period. Headlands Technologies LLC acquired a new position in Lightspeed Commerce in the 2nd quarter valued at approximately $181,000. Aigen Investment Management LP acquired a new position in Lightspeed Commerce in the 3rd quarter valued at approximately $225,000. Algert Global LLC acquired a new position in Lightspeed Commerce in the 3rd quarter valued at approximately $448,000. Finally, Addenda Capital Inc. increased its position in Lightspeed Commerce by 10.5% in the 2nd quarter. Addenda Capital Inc. now owns 44,041 shares of the company’s stock valued at $603,000 after acquiring an additional 4,196 shares during the period. 68.68% of the stock is currently owned by institutional investors and hedge funds.

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.