Stifel Nicolaus Lowers Lightspeed Commerce (NYSE:LSPD) Price Target to $12.00

Lightspeed Commerce (NYSE:LSPD) had its target price dropped by equities research analysts at Stifel Nicolaus from $15.00 to $12.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 32.30% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada decreased their price objective on shares of Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday. UBS Group dropped their price objective on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Scotiabank lowered their price target on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating for the company in a report on Tuesday. Bank of America cut their price objective on Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company lowered their target price on Lightspeed Commerce from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lightspeed Commerce has a consensus rating of “Hold” and a consensus price target of $16.09.

Lightspeed Commerce Trading Down 3.2 %

Shares of LSPD stock traded down $0.30 during trading hours on Friday, reaching $9.07. The company had a trading volume of 387,854 shares, compared to its average volume of 927,529. Lightspeed Commerce has a 1-year low of $9.01 and a 1-year high of $18.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -11.33, a P/E/G ratio of 3.03 and a beta of 2.44. The company has a 50 day moving average of $12.63 and a 200 day moving average of $14.73.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share 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 0.61%. On average, equities research analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Several large investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its position in Lightspeed Commerce by 37,065.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock worth $63,688,000 after acquiring an additional 4,170,557 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Lightspeed Commerce during the 4th quarter worth about $24,334,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Lightspeed Commerce by 266.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company’s stock valued at $20,660,000 after purchasing an additional 986,100 shares during the period. Intact Investment Management Inc. lifted its stake in Lightspeed Commerce by 94.5% in the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock valued at $26,031,000 after purchasing an additional 829,577 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in Lightspeed Commerce by 304.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 397,752 shares of the company’s stock worth $6,061,000 after purchasing an additional 299,482 shares during the period. Institutional investors and hedge funds own 68.68% of the company’s stock.

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.