Lightspeed Commerce (NYSE:LSPD) Stock Price Expected to Rise, Benchmark Analyst Says

by · The Cerbat Gem

Lightspeed Commerce (NYSE:LSPD – Get Free Report) had its price objective hoisted by Benchmark from $20.00 to $21.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s target price points to a potential upside of 23.02% from the stock’s current price.

Several other research firms have also recently issued reports on LSPD. Royal Bank of Canada cut shares of Lightspeed Commerce from a “moderate buy” rating to a “strong sell” rating in a research note on Thursday, August 15th. BTIG Research reiterated a “buy” rating and issued a $21.00 target price on shares of Lightspeed Commerce in a research note on Thursday, September 26th. BMO Capital Markets boosted their target price on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Piper Sandler cut their price target on shares of Lightspeed Commerce from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. dropped their price target on Lightspeed Commerce from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $19.75.

View Our Latest Report on Lightspeed Commerce

Lightspeed Commerce Price Performance

NYSE:LSPD traded up $0.12 during mid-day trading on Friday, hitting $17.07. 1,285,289 shares of the company’s stock traded hands, compared to its average volume of 622,774. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.06 and a current ratio of 6.19. Lightspeed Commerce has a 1 year low of $11.01 and a 1 year high of $21.71. The company has a market cap of $2.59 billion, a PE ratio of -17.42, a price-to-earnings-growth ratio of 9.93 and a beta of 2.35. The firm’s 50 day simple moving average is $14.82 and its 200 day simple moving average is $14.09.

Lightspeed Commerce (NYSE:LSPD – Get Free Report) last released its quarterly 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. Lightspeed Commerce had a negative return on equity of 0.99% and a negative net margin of 15.55%. The company had revenue of $277.18 million during the quarter, compared to analysts’ expectations of $273.90 million. Sell-side analysts expect that Lightspeed Commerce will post 0.05 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. raised its position in shares of Lightspeed Commerce by 345,464.1% in the second quarter. 1832 Asset Management L.P. now owns 404,310 shares of the company’s stock valued at $5,535,000 after purchasing an additional 404,193 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Lightspeed Commerce during the 2nd quarter worth approximately $956,000. Intact Investment Management Inc. increased its stake in shares of Lightspeed Commerce by 10,117.5% in the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock valued at $14,473,000 after purchasing an additional 869,090 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Lightspeed Commerce by 297.6% in the second quarter. Harbor Capital Advisors Inc. now owns 90,296 shares of the company’s stock valued at $1,236,000 after buying an additional 67,584 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Lightspeed Commerce by 306.5% in the second quarter. Marshall Wace LLP now owns 807,219 shares of the company’s stock valued at $11,051,000 after buying an additional 608,661 shares during the period. 68.68% of the stock is owned by institutional investors and hedge funds.

About Lightspeed Commerce

(Get Free Report)

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.

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