Several other research firms also recently weighed in on LSPD. BMO Capital Markets dropped their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, March 27th. Piper Sandler dropped their price objective on Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Atb Cap Markets downgraded Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Morgan Stanley dropped their price target on Lightspeed Commerce from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, Barclays dropped their price target on Lightspeed Commerce from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Lightspeed Commerce has a consensus rating of “Hold” and an average target price of $14.23.

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NYSE LSPD opened at $10.55 on Friday. Lightspeed Commerce has a 1-year low of $7.34 and a 1-year high of $18.96. The company has a market capitalization of $1.61 billion, a P/E ratio of -13.19, a PEG ratio of 3.03 and a beta of 2.49. The business has a 50 day moving average price of $9.67 and a 200 day moving average price of $13.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99.

Lightspeed Commerce (NYSE:LSPD – Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. The firm had revenue of $253.42 million during the quarter, compared to analysts’ expectations of $252.51 million. During the same period in the previous year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Sell-side analysts expect that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. PCJ Investment Counsel Ltd. grew its position in shares of Lightspeed Commerce by 33.8% in the fourth quarter. PCJ Investment Counsel Ltd. now owns 123,060 shares of the company’s stock valued at $1,874,000 after purchasing an additional 31,060 shares during the period. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Lightspeed Commerce in the fourth quarter valued at $579,000. AGF Management Ltd. purchased a new stake in shares of Lightspeed Commerce in the fourth quarter valued at $1,295,000. Arrowstreet Capital Limited Partnership grew its position in shares of Lightspeed Commerce by 37,065.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock valued at $63,688,000 after purchasing an additional 4,170,557 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Lightspeed Commerce by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company’s stock valued at $81,319,000 after purchasing an additional 70,324 shares during the period. Hedge funds and other institutional investors own 68.68% of the company’s stock.

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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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