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

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $18.39.

A number of research analysts recently commented on LSPD shares. Wells Fargo & Company cut their target price 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 dropped their price objective on shares of Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating for the company in a research note on Friday, February 7th. Barclays decreased their target price on shares of Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. UBS Group dropped their price target on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a research report on Friday, February 7th. Finally, Bank of America began coverage on shares of Lightspeed Commerce in a research note on Wednesday, February 19th. They set a “buy” rating and a $20.00 price target for the company.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. CIBC Asset Management Inc grew its holdings in Lightspeed Commerce by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 172,182 shares of the company’s stock worth $2,620,000 after acquiring an additional 679 shares during the last quarter. Addenda Capital Inc. lifted its position in shares of Lightspeed Commerce by 2.0% during the fourth quarter. Addenda Capital Inc. now owns 46,609 shares of the company’s stock worth $710,000 after purchasing an additional 931 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Lightspeed Commerce by 214.4% during the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after purchasing an additional 1,025 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Lightspeed Commerce by 5.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company’s stock valued at $370,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Scotia Capital Inc. raised its position in Lightspeed Commerce by 12.0% in the 4th quarter. Scotia Capital Inc. now owns 19,225 shares of the company’s stock worth $293,000 after purchasing an additional 2,053 shares during the last quarter. 68.68% of the stock is owned by institutional investors.

Lightspeed Commerce Price Performance

Shares of Lightspeed Commerce stock opened at $10.63 on Monday. The firm has a fifty day moving average price of $13.02 and a two-hundred day moving average price of $14.83. Lightspeed Commerce has a fifty-two week low of $10.20 and a fifty-two week high of $18.96. 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 company has a market cap of $1.63 billion, a PE ratio of -13.28, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share 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%. Analysts expect that Lightspeed Commerce will post 0.08 EPS for the current year.

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.