Lightspeed Commerce (NYSE:LSPD – Get Rating) will issue its quarterly earnings data before the market opens on Thursday, May 18th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.
Lightspeed Commerce Price Performance
LSPD opened at $14.68 on Thursday. The stock has a fifty day moving average of $14.24 and a 200-day moving average of $15.38. The firm has a market capitalization of $2.21 billion, a P/E ratio of -1.99 and a beta of 2.28. Lightspeed Commerce has a 12-month low of $12.52 and a 12-month high of $28.35. The company has a quick ratio of 6.49, a current ratio of 6.56 and a debt-to-equity ratio of 0.01.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on LSPD shares. National Bankshares cut their target price on Lightspeed Commerce from $30.00 to $20.00 in a report on Friday, April 21st. Truist Financial raised their target price on Lightspeed Commerce from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Credit Suisse Group lowered Lightspeed Commerce from an “outperform” rating to a “neutral” rating and cut their target price for the company from $21.00 to $18.00 in a report on Friday, February 3rd. KeyCorp cut their target price on Lightspeed Commerce from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, April 5th. Finally, Morgan Stanley lowered their price target on Lightspeed Commerce from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lightspeed Commerce presently has an average rating of “Moderate Buy” and a consensus price target of $24.56.
Institutional Trading of Lightspeed Commerce
Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Lightspeed Commerce by 9.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,634,517 shares of the company’s stock valued at $81,475,000 after buying an additional 393,711 shares during the period. Royal Bank of Canada grew its holdings in shares of Lightspeed Commerce by 249.8% in the 1st quarter. Royal Bank of Canada now owns 3,280,715 shares of the company’s stock valued at $99,964,000 after buying an additional 2,342,867 shares during the period. Wellington Management Group LLP grew its holdings in shares of Lightspeed Commerce by 212.7% in the 1st quarter. Wellington Management Group LLP now owns 2,478,103 shares of the company’s stock valued at $75,508,000 after buying an additional 1,685,608 shares during the period. Norges Bank acquired a new position in Lightspeed Commerce in the 4th quarter worth $20,817,000. Finally, Millennium Management LLC acquired a new position in Lightspeed Commerce in the 2nd quarter worth $23,058,000. Institutional investors and hedge funds own 51.86% of the company’s stock.
Lightspeed Commerce Company Profile
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.