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Shares of Lightspeed Commerce Inc. (NYSE:LSPD – Get Rating) have earned a consensus rating of “Moderate Buy” from the eighteen research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $52.41.
A number of analysts have recently issued reports on the stock. Morgan Stanley dropped their price target on shares of Lightspeed Commerce from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 12th. BTIG Research decreased their target price on shares of Lightspeed Commerce from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 5th. Truist Financial decreased their target price on shares of Lightspeed Commerce from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, October 13th. Piper Sandler decreased their target price on shares of Lightspeed Commerce from $40.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, August 5th. Finally, KeyCorp reduced their price objective on shares of Lightspeed Commerce from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, July 21st.
Lightspeed Commerce Stock Performance
Shares of Lightspeed Commerce stock opened at $17.55 on Monday. Lightspeed Commerce has a 52-week low of $15.03 and a 52-week high of $102.34. The stock has a market cap of $2.61 billion, a PE ratio of -7.56 and a beta of 2.45. The firm has a fifty day simple moving average of $18.67. The company has a quick ratio of 5.50, a current ratio of 5.55 and a debt-to-equity ratio of 0.01.
Lightspeed Commerce (NYSE:LSPD – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.38) EPS for the quarter, hitting the consensus estimate of ($0.38). Lightspeed Commerce had a negative net margin of 56.06% and a negative return on equity of 5.63%. The business had revenue of $173.88 million during the quarter, compared to analyst estimates of $168.99 million. On average, equities research analysts forecast that Lightspeed Commerce will post -1.31 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Lightspeed Commerce by 112.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,299 shares of the company’s stock valued at $40,000 after purchasing an additional 688 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Lightspeed Commerce in the second quarter valued at approximately $60,000. Captrust Financial Advisors boosted its stake in shares of Lightspeed Commerce by 24.1% in the second quarter. Captrust Financial Advisors now owns 2,975 shares of the company’s stock valued at $66,000 after buying an additional 577 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Lightspeed Commerce by 164.7% during the first quarter. Advisors Asset Management Inc. now owns 3,341 shares of the company’s stock worth $102,000 after purchasing an additional 2,079 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Lightspeed Commerce during the second quarter worth $109,000. Institutional investors and hedge funds own 53.09% of the company’s stock.
About Lightspeed Commerce
(Get Rating)
Lightspeed Commerce Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Australia, the Netherlands, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.
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