Lightspeed Commerce (NYSE:LSPD – Get Free Report) had its target price increased by equities research analysts at Royal Bank Of Canada from $10.00 to $13.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 23.75% from the company’s previous close.
A number of other equities analysts also recently weighed in on LSPD. BTIG Research dropped their price target on shares of Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Stifel Nicolaus cut their price target on Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating for the company in a research note on Friday, May 22nd. Truist Financial reduced their price target on Lightspeed Commerce from $11.00 to $10.00 and set a “hold” rating for the company in a report on Thursday, May 28th. Benchmark dropped their price objective on Lightspeed Commerce from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Finally, Bank of America initiated coverage on shares of Lightspeed Commerce in a research note on Tuesday, May 19th. They issued an “underperform” rating and a $10.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.54.
Read Our Latest Analysis on LSPD
Lightspeed Commerce Stock Down 0.9%
Lightspeed Commerce (NYSE:LSPD – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The business had revenue of $322.70 million during the quarter, compared to analyst estimates of $310.58 million. During the same period in the prior year, the firm earned $0.06 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. Sell-side analysts predict that Lightspeed Commerce will post 0.31 EPS for the current year.
Institutional Investors Weigh In On Lightspeed Commerce
Several institutional investors and hedge funds have recently added to or reduced their stakes in LSPD. TD Waterhouse Canada Inc. boosted its position in Lightspeed Commerce by 28.3% during the second quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company’s stock worth $642,000 after purchasing an additional 13,103 shares during the period. Pale Fire Capital SE lifted its stake in shares of Lightspeed Commerce by 4.5% in the second quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company’s stock worth $60,569,000 after buying an additional 249,341 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Lightspeed Commerce during the 2nd quarter worth $540,000. Amundi acquired a new position in Lightspeed Commerce in the 1st quarter valued at $121,000. Finally, Royal Bank of Canada raised its holdings in Lightspeed Commerce by 64.4% in the 1st quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock worth $19,950,000 after acquiring an additional 872,131 shares during the period. 68.68% of the stock is currently owned by institutional investors and hedge funds.
About Lightspeed Commerce
Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.
The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.
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