Lightspeed Commerce (NYSE:LSPD) Announces Quarterly Earnings Results

by · The Cerbat Gem

Lightspeed Commerce (NYSE:LSPD – Get Free Report) released its earnings results on Thursday. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.08), Zacks reports. Lightspeed Commerce had a positive return on equity of 0.37% and a negative net margin of 58.15%.

Lightspeed Commerce Stock Up 3.7%

Shares of NYSE LSPD opened at $8.99 on Thursday. Lightspeed Commerce has a 52-week low of $8.36 and a 52-week high of $14.34. The firm has a fifty day moving average of $9.09 and a 200-day moving average of $10.40. The stock has a market capitalization of $1.23 billion, a PE ratio of -1.95, a P/E/G ratio of 1.70 and a beta of 1.92. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.01.

Institutional Trading of Lightspeed Commerce

Several institutional investors have recently made changes to their positions in the stock. Artisan Partners Limited Partnership grew its stake in shares of Lightspeed Commerce by 17.5% during the 4th quarter. Artisan Partners Limited Partnership now owns 3,900,930 shares of the company’s stock valued at $47,066,000 after buying an additional 581,900 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Lightspeed Commerce by 151.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock valued at $18,803,000 after buying an additional 1,295,469 shares during the period. Bank of America Corp DE lifted its holdings in shares of Lightspeed Commerce by 5.2% during the 3rd quarter. Bank of America Corp DE now owns 1,971,125 shares of the company’s stock valued at $22,766,000 after acquiring an additional 97,183 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Lightspeed Commerce by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,948,620 shares of the company’s stock worth $22,507,000 after purchasing an additional 9,503 shares during the period. Finally, Bank of Montreal Can boosted its position in Lightspeed Commerce by 3.9% during the 3rd quarter. Bank of Montreal Can now owns 1,839,750 shares of the company’s stock worth $21,239,000 after purchasing an additional 69,018 shares during the period. 68.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on LSPD. BTIG Research lowered their target price on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Royal Bank Of Canada lowered their target price on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Truist Financial lowered their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, February 11th. Barclays lowered their price objective on shares of Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.09.

Read Our Latest Stock Report on LSPD

Lightspeed Commerce Company Profile

(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.

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