Lightspeed Commerce Inc. (NYSE:LSPD) Receives Consensus Recommendation of “Hold” from Brokerages

Lightspeed Commerce Inc. (NYSE:LSPDGet Free Report) has earned an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $13.40.

A number of research firms have recently commented on LSPD. BTIG Research dropped their price objective on Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Zacks Research lowered Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Royal Bank Of Canada lowered their price target on Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Tuesday, April 21st. Finally, Barclays lowered their price target on Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st.

View Our Latest Stock Report on Lightspeed Commerce

Institutional Investors Weigh In On Lightspeed Commerce

A number of institutional investors have recently added to or reduced their stakes in LSPD. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Lightspeed Commerce by 28.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,752,669 shares of the company’s stock worth $31,778,000 after acquiring an additional 613,369 shares in the last quarter. Aviso Financial Inc. bought a new position in Lightspeed Commerce in the 3rd quarter worth approximately $784,000. AMH Equity Ltd bought a new position in Lightspeed Commerce in the 3rd quarter worth approximately $693,000. Spark Investment Management LLC bought a new position in Lightspeed Commerce in the 3rd quarter worth approximately $900,000. Finally, Quantbot Technologies LP bought a new position in Lightspeed Commerce in the 3rd quarter worth approximately $350,000. 68.68% of the stock is owned by institutional investors and hedge funds.

Lightspeed Commerce Price Performance

NYSE LSPD opened at $8.85 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 4.44. The stock’s 50-day moving average is $9.13 and its two-hundred day moving average is $10.48. The firm has a market cap of $1.21 billion, a P/E ratio of -1.91, a price-to-earnings-growth ratio of 1.73 and a beta of 1.92. Lightspeed Commerce has a fifty-two week low of $8.36 and a fifty-two week high of $14.34.

About Lightspeed Commerce

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Lightspeed Commerce (NYSE:LSPD)

Receive News & Ratings for Lightspeed Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lightspeed Commerce and related companies with MarketBeat.com's FREE daily email newsletter.