Lightspeed Commerce (NYSE:LSPD) Given New $13.00 Price Target at Piper Sandler

Lightspeed Commerce (NYSE:LSPD) had its price target dropped by analysts at Piper Sandler from $17.00 to $13.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 3.63% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Benchmark raised their target price on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada upgraded Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research note on Friday, November 8th. Wells Fargo & Company reduced their price target on Lightspeed Commerce from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. raised their price objective on shares of Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Finally, TD Securities boosted their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.21.

Lightspeed Commerce Trading Down 13.5 %

Shares of Lightspeed Commerce stock opened at $12.55 on Thursday. Lightspeed Commerce has a 12-month low of $11.01 and a 12-month high of $20.09. The firm’s 50 day simple moving average is $15.53 and its two-hundred day simple moving average is $14.99. The company has a current ratio of 6.08, a quick ratio of 5.94 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of -14.10 and a beta of 2.43.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. Analysts predict that Lightspeed Commerce will post -0.02 EPS for the current year.

Institutional Trading of Lightspeed Commerce

Several large investors have recently made changes to their positions in LSPD. CIBC Asset Management Inc lifted its holdings in Lightspeed Commerce by 0.4% in the 4th quarter. CIBC Asset Management Inc now owns 172,182 shares of the company’s stock valued at $2,620,000 after purchasing an additional 679 shares in the last quarter. Addenda Capital Inc. raised its position in shares of Lightspeed Commerce by 2.0% in the fourth quarter. Addenda Capital Inc. now owns 46,609 shares of the company’s stock valued at $710,000 after buying an additional 931 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Lightspeed Commerce by 214.4% in the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after buying an additional 1,025 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Lightspeed Commerce by 5.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company’s stock worth $370,000 after acquiring an additional 1,276 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Lightspeed Commerce by 1.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 229,612 shares of the company’s stock valued at $3,497,000 after acquiring an additional 2,231 shares in the last quarter. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

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.