Piper Sandler Issues Positive Forecast for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its price target boosted by Piper Sandler from $15.00 to $17.00 in a research report released on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets raised their price target on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. BTIG Research restated a “buy” rating and issued a $21.00 price target on shares of Lightspeed Commerce in a report on Thursday, September 26th. Wells Fargo & Company dropped their price objective on shares of Lightspeed Commerce from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 31st. Jefferies Financial Group dropped their price target on shares of Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Finally, Benchmark increased their price objective on Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lightspeed Commerce has an average rating of “Moderate Buy” and an average target price of $19.88.

Lightspeed Commerce Stock Down 0.3 %

NYSE:LSPD opened at $18.35 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.94 and a current ratio of 6.08. The firm has a fifty day simple moving average of $15.03 and a two-hundred day simple moving average of $14.16. Lightspeed Commerce has a 12 month low of $11.01 and a 12 month high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $277.18 million during 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%. As a group, sell-side analysts expect that Lightspeed Commerce will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Several institutional investors have recently modified their holdings of the business. 1832 Asset Management L.P. grew its holdings 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 valued at $5,535,000 after purchasing an additional 404,193 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Lightspeed Commerce during the second quarter valued at $956,000. Intact Investment Management Inc. grew its holdings in Lightspeed Commerce by 10,117.5% during the third 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 period. Harbor Capital Advisors Inc. grew its holdings in Lightspeed Commerce by 297.6% during the second quarter. Harbor Capital Advisors Inc. now owns 90,296 shares of the company’s stock valued at $1,236,000 after purchasing an additional 67,584 shares during the period. Finally, Marshall Wace LLP grew its holdings in 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 purchasing an additional 608,661 shares during the period. 68.68% of the stock is owned by institutional investors.

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.