Lightspeed Commerce (NYSE:LSPD) Stock Rating Lowered by Zacks Research

Lightspeed Commerce (NYSE:LSPD) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Barclays reduced their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, January 12th. TD Securities upgraded Lightspeed Commerce to a “hold” rating in a research note on Thursday, January 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Wednesday, October 8th. BTIG Research restated a “buy” rating and set a $16.00 price target on shares of Lightspeed Commerce in a report on Wednesday, November 19th. Finally, National Bankshares decreased their price objective on Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating for the company in a research note on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Lightspeed Commerce presently has an average rating of “Hold” and a consensus target price of $13.66.

Lightspeed Commerce Stock Down 5.7%

NYSE LSPD opened at $11.02 on Monday. Lightspeed Commerce has a 52 week low of $7.34 and a 52 week high of $15.17. The company has a quick ratio of 4.58, a current ratio of 4.66 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $11.78 and its 200-day simple moving average is $12.03. The firm has a market cap of $1.50 billion, a PE ratio of -2.42, a P/E/G ratio of 18.88 and a beta of 2.08.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The firm had revenue of $318.96 million for the quarter, compared to analysts’ expectations of $308.90 million. Lightspeed Commerce had a positive return on equity of 0.39% and a negative net margin of 59.16%.The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. As a group, equities analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of hedge funds and other institutional investors have recently bought and sold shares of LSPD. Louisbourg Investments Inc. raised its position in Lightspeed Commerce by 18.0% in the third quarter. Louisbourg Investments Inc. now owns 652,062 shares of the company’s stock worth $7,527,000 after acquiring an additional 99,357 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its stake in shares of Lightspeed Commerce by 3,784.7% during the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 1,150,227 shares of the company’s stock worth $13,472,000 after purchasing an additional 1,120,618 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Lightspeed Commerce by 29.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,468,872 shares of the company’s stock worth $28,948,000 after purchasing an additional 556,724 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Lightspeed Commerce by 43.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,139,300 shares of the company’s stock valued at $25,121,000 after purchasing an additional 650,200 shares in the last quarter. Finally, AMH Equity Ltd acquired a new stake in shares of Lightspeed Commerce in the third quarter valued at about $693,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

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.