Investment Analysts’ Recent Ratings Updates for Lightspeed Commerce (LSPD)

Several brokerages have updated their recommendations and price targets on shares of Lightspeed Commerce (NYSE: LSPD) in the last few weeks:

• 11/11/2024 – Lightspeed Commerce had its price target raised by analysts at Piper Sandler from $15.00 to $17.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Lightspeed Commerce was upgraded by analysts at Royal Bank of Canada from a “strong sell” rating to a “moderate buy” rating.
• 11/8/2024 – Lightspeed Commerce had its price target raised by analysts at TD Securities from $15.00 to $19.00. They now have a “hold” rating on the stock.
• 11/8/2024 – Lightspeed Commerce had its price target raised by analysts at Benchmark Co. from $20.00 to $21.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Lightspeed Commerce had its price target raised by analysts at JPMorgan Chase & Co. from $20.00 to $26.00.

Lightspeed Commerce Stock Up 2.8 %

Shares of LSPD opened at $18.77 on Friday. Lightspeed Commerce Inc. has a 52 week low of $11.01 and a 52 week high of $21.71. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of -21.09 and a beta of 2.35. 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 stock has a fifty day moving average of $16.27 and a 200-day moving average of $14.53.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $277.18 million during the quarter, compared to the consensus estimate of $273.90 million. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. As a group, sell-side analysts anticipate that Lightspeed Commerce Inc. will post -0.02 earnings per share for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Institutional investors and hedge funds have recently bought and sold shares of the stock. 1832 Asset Management L.P. increased its holdings in 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 acquired a new stake in Lightspeed Commerce during the 2nd quarter worth about $956,000. Intact Investment Management Inc. grew its holdings in Lightspeed Commerce by 10,117.5% during the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock worth $14,473,000 after acquiring an additional 869,090 shares during the period. Westfield Capital Management Co. LP grew its holdings in Lightspeed Commerce by 30.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock worth $54,838,000 after acquiring an additional 766,688 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in Lightspeed Commerce by 297.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 90,296 shares of the company’s stock worth $1,236,000 after acquiring an additional 67,584 shares during the period. 68.68% of the stock is currently owned by institutional investors and hedge funds.

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.