A number of other research analysts have also recently weighed in on the company. Atb Cap Markets cut Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 26th. UBS Group reduced their price objective on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Royal Bank of Canada reduced their price objective on Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Benchmark reduced their price objective on Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, March 27th. Finally, Stifel Nicolaus reduced their price objective on Lightspeed Commerce from $15.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.23.

Read Our Latest Research Report on LSPD

Shares of Lightspeed Commerce stock opened at $10.55 on Friday. Lightspeed Commerce has a twelve month low of $7.34 and a twelve month high of $18.96. The stock 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 company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average price is $9.67 and its 200 day moving average price is $13.12.

Lightspeed Commerce (NYSE:LSPD – Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $252.51 million. During the same quarter in the previous year, the business posted $0.06 EPS. Lightspeed Commerce’s revenue was up 10.1% compared to the same quarter last year. As a group, research analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of LSPD. Arrowstreet Capital Limited Partnership increased its position in shares of Lightspeed Commerce by 37,065.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock worth $63,688,000 after acquiring an additional 4,170,557 shares during the last quarter. Wishbone Management LP purchased a new stake in shares of Lightspeed Commerce during the first quarter worth about $32,156,000. Ameriprise Financial Inc. purchased a new stake in shares of Lightspeed Commerce during the fourth quarter worth about $24,334,000. Goldman Sachs Group Inc. increased its holdings in Lightspeed Commerce by 151.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock valued at $18,803,000 after buying an additional 1,295,469 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Lightspeed Commerce by 266.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company’s stock valued at $20,660,000 after buying an additional 986,100 shares in the last quarter. 68.68% of the stock is owned by hedge funds and other institutional investors.

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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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