Lightspeed Commerce (NYSE:LSPD) Stock Price Target Raised at Truist Financial

by · The Markets Daily

Lightspeed Commerce (NYSE:LSPD – Get Free Report) had its target price increased by investment analysts at Truist Financial from $10.00 to $11.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial‘s target price indicates a potential downside of 0.97% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada raised their price target on Lightspeed Commerce from $10.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, August 31st. JPMorgan Chase & Co. increased their target price on Lightspeed Commerce from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, July 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Thursday, October 15th. Finally, Morgan Stanley lowered their target price on Lightspeed Commerce from $11.50 to $9.50 and set an “equal weight” rating for the company in a research note on Monday, September 28th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Lightspeed Commerce has a consensus rating of “Hold” and a consensus target price of $11.35.

Read Our Latest Stock Analysis on LSPD

Lightspeed Commerce Price Performance

Lightspeed Commerce stock traded down $0.10 during trading hours on Friday, hitting $11.11. 243,482 shares of the stock were exchanged, compared to its average volume of 945,229. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.45 and a current ratio of 3.55. The stock has a market capitalization of $1.53 billion, a P/E ratio of -15.89, a P/E/G ratio of 1.58 and a beta of 1.84. Lightspeed Commerce has a 12 month low of $7.83 and a 12 month high of $13.72. The business’s 50-day moving average is $10.25 and its two-hundred day moving average is $9.88.

Lightspeed Commerce (NYSE:LSPD – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $322.70 million during the quarter, compared to analysts’ expectations of $310.58 million. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. Lightspeed Commerce’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. Equities research analysts expect that Lightspeed Commerce will post 0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LSPD. Amundi acquired a new position in Lightspeed Commerce during the 1st quarter worth $121,000. Squarepoint Ops LLC bought a new stake in shares of Lightspeed Commerce during the second quarter worth $128,000. Pictet Asset Management Holding SA lifted its stake in shares of Lightspeed Commerce by 5.7% during the first quarter. Pictet Asset Management Holding SA now owns 26,557 shares of the company’s stock valued at $237,000 after acquiring an additional 1,439 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Lightspeed Commerce during the second quarter valued at $540,000. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of Lightspeed Commerce by 28.3% during the second quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company’s stock valued at $642,000 after acquiring an additional 13,103 shares during the period. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Company Profile

(Get Free Report)

Lightspeed Commerce Inc is a cloud-based commerce technology company that provides point-of-sale and business management software for small and midsized businesses. Its platform is designed for retailers, restaurants, hospitality operators and golf businesses, helping them manage sales, payments, inventory, customer relationships and day-to-day operations through integrated digital tools.

Lightspeed’s products include point-of-sale systems, payment processing, e-commerce capabilities, inventory and order management, analytics, accounting integrations, customer loyalty features and tools for managing restaurants and golf courses.

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