Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $13.00 by Analysts at Barclays

Lightspeed Commerce (NYSE:LSPD) had its price objective lowered by Barclays from $15.00 to $13.00 in a report published on Friday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities research analysts also recently weighed in on LSPD. Piper Sandler dropped their target price on Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday. Royal Bank of Canada cut their target price on shares of Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday. Bank of America reduced their target price on shares of Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday. Benchmark dropped their price target on shares of Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company reduced 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 research note on Friday, February 7th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Lightspeed Commerce presently has an average rating of “Hold” and a consensus price target of $16.09.

Lightspeed Commerce Price Performance

Lightspeed Commerce stock opened at $9.08 on Friday. The business’s fifty day moving average is $12.52 and its two-hundred day moving average is $14.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The firm has a market cap of $1.39 billion, a P/E ratio of -11.34, a P/E/G ratio of 3.03 and a beta of 2.44. Lightspeed Commerce has a 52 week low of $9.00 and a 52 week high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. Equities research analysts forecast that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc increased 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 purchasing an additional 679 shares in the last quarter. Addenda Capital Inc. boosted its holdings 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 period. Blue Trust Inc. increased its position in shares of Lightspeed Commerce by 214.4% during the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after acquiring an additional 1,025 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of 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 period. Finally, Scotia Capital Inc. lifted its position in Lightspeed Commerce by 12.0% in the 4th quarter. Scotia Capital Inc. now owns 19,225 shares of the company’s stock valued at $293,000 after acquiring an additional 2,053 shares in the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

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.