Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $15.00 at Barclays

Lightspeed Commerce (NYSE:LSPD) had its price objective lowered by Barclays from $18.00 to $15.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts have also weighed in on LSPD. JPMorgan Chase & Co. increased their price objective on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. Royal Bank of Canada raised shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a report on Friday, November 8th. TD Securities boosted their price objective on Lightspeed Commerce from $15.00 to $19.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Wells Fargo & Company lowered their target price on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, UBS Group dropped their price target on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a report on Friday. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.39.

Lightspeed Commerce Trading Up 4.3 %

Lightspeed Commerce stock opened at $13.14 on Friday. The company has a 50 day moving average of $15.53 and a 200-day moving average of $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. Lightspeed Commerce has a twelve month low of $11.01 and a twelve month high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last released 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 net margin of 11.75% and a positive return on equity of 0.60%. Equities analysts predict that Lightspeed Commerce will post -0.02 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Several hedge funds have recently bought and sold shares of the company. CIBC Asset Management Inc lifted its holdings in shares of 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 acquiring an additional 679 shares during the period. Addenda Capital Inc. lifted its stake in Lightspeed Commerce by 2.0% during the fourth quarter. Addenda Capital Inc. now owns 46,609 shares of the company’s stock worth $710,000 after purchasing an additional 931 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Lightspeed Commerce by 214.4% in the 4th 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 in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Lightspeed Commerce by 5.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company’s stock valued at $370,000 after purchasing an additional 1,276 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings 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 worth $3,497,000 after buying an additional 2,231 shares in the last quarter. 68.68% of the stock is owned by 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.