Lightspeed Commerce (NYSE:LSPD) Upgraded at Royal Bank of Canada

Lightspeed Commerce (NYSE:LSPD) was upgraded by investment analysts at Royal Bank of Canada from a “strong sell” rating to a “moderate buy” rating in a research report issued on Friday,Zacks.com reports.

LSPD has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday. BTIG Research restated a “buy” rating and issued a $21.00 target price on shares of Lightspeed Commerce in a research note on Thursday, September 26th. Piper Sandler boosted their price target on shares of Lightspeed Commerce from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday. Jefferies Financial Group cut their price target on shares of Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. Finally, BMO Capital Markets lifted their price objective on Lightspeed Commerce from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.88.

Lightspeed Commerce Stock Up 4.0 %

Shares of NYSE LSPD opened at $17.75 on Friday. The company has a quick ratio of 6.06, a current ratio of 6.19 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 52-week low of $11.01 and a 52-week high of $21.71. The business has a 50-day moving average price of $14.92 and a 200 day moving average price of $14.13. The stock has a market cap of $2.69 billion, a PE ratio of -19.94, a price-to-earnings-growth ratio of 10.75 and a beta of 2.35.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $277.18 million for the quarter, compared to analysts’ expectations of $273.90 million. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. Equities research analysts forecast that Lightspeed Commerce will post 0.05 earnings per share for the current year.

Institutional Trading of Lightspeed Commerce

Institutional investors and hedge funds have recently modified their holdings of the business. Westfield Capital Management Co. LP acquired a new stake in shares of Lightspeed Commerce during the first quarter valued at $34,984,000. Intact Investment Management Inc. grew its holdings in shares of Lightspeed Commerce by 10,117.5% during the third quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock worth $14,473,000 after buying an additional 869,090 shares in the last quarter. NewGen Asset Management Ltd acquired a new position in shares of Lightspeed Commerce in the second quarter valued at approximately $9,241,000. Marshall Wace LLP lifted its stake in shares of Lightspeed Commerce by 306.5% during 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. Finally, 1832 Asset Management L.P. boosted its position in Lightspeed Commerce by 345,464.1% during the second quarter. 1832 Asset Management L.P. now owns 404,310 shares of the company’s stock worth $5,535,000 after acquiring an additional 404,193 shares during the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Company Profile

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.