Shares of Lightspeed POS Inc. (NASDAQ:LSPD) have earned an average rating of “Buy” from the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $97.50.
Several research analysts have recently issued reports on the company. CIBC upped their price objective on Lightspeed POS from C$135.00 to C$140.00 and gave the stock an “outperform” rating in a research report on Tuesday. Cormark raised Lightspeed POS from a “market perform” rating to a “buy” rating in a research report on Friday, March 12th. Morgan Stanley increased their price objective on Lightspeed POS from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 21st. Royal Bank of Canada raised shares of Lightspeed POS from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $90.00 to $120.00 in a report on Monday, February 22nd. Finally, Scotiabank upped their target price on shares of Lightspeed POS from $81.00 to $83.00 and gave the company a “sector perform” rating in a report on Tuesday.
Several institutional investors have recently modified their holdings of LSPD. Lazard Asset Management LLC purchased a new position in Lightspeed POS in the fourth quarter valued at about $38,000. NWK Group Inc. acquired a new position in Lightspeed POS during the 4th quarter valued at about $70,000. Cambridge Investment Research Advisors Inc. bought a new position in Lightspeed POS in the 4th quarter worth about $225,000. Blueshift Asset Management LLC acquired a new stake in shares of Lightspeed POS in the first quarter valued at approximately $259,000. Finally, Alliancebernstein L.P. acquired a new position in shares of Lightspeed POS during the fourth quarter worth approximately $267,000. Institutional investors and hedge funds own 75.21% of the company’s stock.
Lightspeed POS (NASDAQ:LSPD) last released its earnings results on Thursday, May 20th. The company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.16. Lightspeed POS had a negative net margin of 56.05% and a negative return on equity of 3.72%. The firm had revenue of $82.40 million for the quarter, compared to analyst estimates of $69.95 million. Sell-side analysts predict that Lightspeed POS will post -0.61 EPS for the current year.
About Lightspeed POS
Lightspeed POS 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, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.
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