Lightspeed Commerce (NYSE:LSPD) Research Coverage Started at Bank of America

Bank of America initiated coverage on shares of Lightspeed Commerce (NYSE:LSPDGet Rating) in a research report issued on Wednesday, The Fly reports. The firm set a “neutral” rating on the stock.

Other analysts have also recently issued research reports about the stock. Truist Financial cut their price objective on shares of Lightspeed Commerce from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, October 13th. KeyCorp cut their price objective on shares of Lightspeed Commerce from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, January 20th. BMO Capital Markets cut their price objective on shares of Lightspeed Commerce from $35.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, November 4th. Stifel Nicolaus started coverage on shares of Lightspeed Commerce in a report on Wednesday, January 11th. They set a “hold” rating on the stock. Finally, Industrial Alliance Securities started coverage on shares of Lightspeed Commerce in a report on Thursday, September 29th. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Lightspeed Commerce presently has an average rating of “Moderate Buy” and a consensus price target of $31.73.

Lightspeed Commerce Stock Down 2.7 %

Shares of NYSE:LSPD opened at $17.10 on Wednesday. The firm’s 50 day moving average price is $15.19 and its 200 day moving average price is $17.94. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of -7.07 and a beta of 2.18. Lightspeed Commerce has a fifty-two week low of $12.71 and a fifty-two week high of $35.50. The company has a quick ratio of 6.35, a current ratio of 6.41 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPDGet Rating) last issued its earnings results on Thursday, November 3rd. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.10. Lightspeed Commerce had a negative net margin of 54.92% and a negative return on equity of 5.55%. The firm had revenue of $183.70 million for the quarter, compared to analysts’ expectations of $181.80 million. As a group, equities research analysts predict that Lightspeed Commerce will post -1.22 earnings per share for the current fiscal 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. Royal Bank of Canada grew its position in 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 last quarter. Artisan Partners Limited Partnership purchased a new position in Lightspeed Commerce in the 2nd quarter valued at $42,356,000. Wellington Management Group LLP boosted its position in shares of Lightspeed Commerce by 212.7% during the 1st quarter. Wellington Management Group LLP now owns 2,478,103 shares of the company’s stock worth $75,508,000 after purchasing an additional 1,685,608 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Lightspeed Commerce during the 2nd quarter worth $23,058,000. Finally, Bank of Montreal Can boosted its position in shares of Lightspeed Commerce by 65.8% during the 3rd quarter. Bank of Montreal Can now owns 1,902,001 shares of the company’s stock worth $45,591,000 after purchasing an additional 754,640 shares in the last quarter. 51.86% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading

The Fly logo

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.