Lightspeed Commerce (NYSE:LSPD) Shares Gap Down – Time to Sell?

Lightspeed Commerce Inc. (NYSE:LSPD)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $15.38, but opened at $14.74. Lightspeed Commerce shares last traded at $14.60, with a volume of 57,487 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have commented on LSPD. Piper Sandler upped their target price on shares of Lightspeed Commerce from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. Benchmark boosted their price target on Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. BTIG Research reissued a “buy” rating and set a $21.00 price target on shares of Lightspeed Commerce in a report on Thursday, September 26th. Finally, BMO Capital Markets upped their price objective on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.93.

Lightspeed Commerce Price Performance

The stock has a 50-day moving average of $16.67 and a two-hundred day moving average of $14.88. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of -16.38 and a beta of 2.44. The company has a current ratio of 6.08, a quick ratio of 5.94 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. The firm had revenue of $277.18 million during the quarter, compared to analyst estimates of $273.90 million. On average, analysts anticipate that Lightspeed Commerce Inc. will post -0.02 EPS for the current year.

Institutional Trading of Lightspeed Commerce

Institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank lifted its position in Lightspeed Commerce by 102.8% in the 2nd quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock worth $94,000 after buying an additional 3,482 shares in the last quarter. Headlands Technologies LLC purchased a new position in Lightspeed Commerce in the second quarter valued at about $181,000. Aigen Investment Management LP acquired a new position in Lightspeed Commerce in the 3rd quarter worth about $225,000. Polar Asset Management Partners Inc. acquired a new position in Lightspeed Commerce in the 3rd quarter worth about $412,000. Finally, Algert Global LLC acquired a new stake in shares of Lightspeed Commerce during the 3rd quarter valued at about $448,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

About Lightspeed Commerce

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.