Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $14.50 by Analysts at UBS Group

Lightspeed Commerce (NYSE:LSPD) had its target price trimmed by UBS Group from $17.00 to $14.50 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the company. Benchmark lifted their price objective on Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, November 8th. TD Securities raised their price objective on Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. Wells Fargo & Company cut their price objective on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Royal Bank of Canada upgraded shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lightspeed Commerce currently has an average rating of “Hold” and a consensus price target of $18.39.

Lightspeed Commerce Stock Up 4.3 %

Shares of NYSE:LSPD opened at $13.14 on Friday. The company’s 50-day moving average is $15.53 and its 200 day moving average is $14.99. Lightspeed Commerce has a fifty-two week low of $11.01 and a fifty-two week high of $18.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.60%. Equities analysts forecast that Lightspeed Commerce will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

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

Lightspeed Commerce Company Profile

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.