Lightspeed Commerce Inc. (LSPD:NSD) has garnered attention in the investment world as various brokerages offer their assessment of the lightspeed stock. With seventeen rating firms providing their insights, the consensus analyst rating for Lightspeed Commerce has been labeled as “Buy.” In this article, we delve into the recent ratings, price objectives, and market analysis surrounding Lightspeed Commerce, aiming to provide a comprehensive overview of the company’s current standing.
Lightspeed Stock-Analyst Ratings:
Stock Target Advisor reports that out of the seventeen rating firms covering Lightspeed Commerce stock, the majority have designated it as a “Buy.” While four research analysts have assigned a hold rating, six analysts advocate buying the stock. Over the past year, brokerages’ average one-year price target for LSPD stock stands at $21.50.
Several notable equities research analysts have shared their assessments of Lightspeed Commerce. National Bankshares, for instance, recently adjusted their target price from $30.00 to $20.00. Bank of America reduced their price objective from $20.00 to $18.00, while Barclays lowered theirs from $20.00 to $17.00. Royal Bank of Canada also decreased their price objective, from $24.00 to $21.00. Additionally, KeyCorp, expressing an “overweight” rating, revised their target price downward from $20.00 to $18.00.
Lightspeed Stock Price Performance:
On Tuesday, Lightspeed Commerce stock (LSPD:NSD) opened at $14.74, experiencing a decline of 1.8%. Over the past year, the stock has fluctuated between a low of $12.45 and a high of $28.35. With a market capitalization of $2.22 billion, Lightspeed Commerce operates with a current ratio of 6.21 and a quick ratio of 6.12.
The company maintains a debt-to-equity ratio of 0.01. Notably, Lightspeed Commerce boasts a beta of 2.28 and a negative price-to-earnings (P/E) ratio of -2.08. The 50-day simple moving average currently stands at $13.87, while the 200-day simple moving average is $14.97.
Institutional Investor Insights:
The involvement of institutional investors and hedge funds further adds to the overall market perception of Lightspeed Commerce. Ontario Teachers Pension Plan Board, for instance, significantly increased its position in the company by 128.1% during the first quarter.
Prelude Capital Management LLC also entered the scene, initiating a new position worth approximately $336,000. Meanwhile, JPMorgan Chase & Co. raised its stake by 18.7% in the same quarter, acquiring an additional 31,422 shares.
Other notable institutional investors, including New York State Common Retirement Fund and State Street Corp, have also demonstrated their confidence in Lightspeed Commerce by increasing their positions.
Conclusion:
Lightspeed Commerce Inc. has recently received a “Buy” rating based on consensus recommendations from multiple brokerages. Analysts have provided valuable insights and price objectives, reflecting both positive and cautious sentiments. As the Lightspeed stock experiences fluctuations, it remains a subject of interest for institutional investors who continue to assess its potential. It will be intriguing to monitor Lightspeed Commerce’s future performance and its ability to capitalize on opportunities within the market.
