Lightspeed Commerce (NYSE:LSPD) Given New $15.00 Price Target at JPMorgan Chase & Co.

Lightspeed Commerce (NYSE:LSPD) had its price objective reduced by JPMorgan Chase & Co. from $16.00 to $15.00 in a report published on Friday, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also weighed in on LSPD. Royal Bank of Canada reduced their target price on Lightspeed Commerce from $21.00 to $20.00 and set an outperform rating for the company in a report on Friday. BMO Capital Markets reduced their target price on Lightspeed Commerce from $20.00 to $18.00 and set an outperform rating for the company in a report on Friday. TD Securities dropped their price target on Lightspeed Commerce from $16.00 to $15.00 and set a hold rating on the stock in a research report on Friday. Wells Fargo & Company dropped their price target on Lightspeed Commerce from $17.00 to $15.00 and set an equal weight rating on the stock in a research report on Wednesday. Finally, UBS Group lifted their price target on Lightspeed Commerce from $17.00 to $18.00 and gave the stock a neutral rating in a research report on Tuesday, May 21st. Twelve equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $18.19.

Lightspeed Commerce Stock Down 9.3 %

Shares of Lightspeed Commerce stock opened at $11.95 on Friday. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -11.16 and a beta of 2.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.34 and a quick ratio of 6.23. Lightspeed Commerce has a 52-week low of $11.80 and a 52-week high of $21.71. The stock has a 50-day simple moving average of $13.99 and a 200-day simple moving average of $14.41.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, May 16th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.16. Lightspeed Commerce had a negative return on equity of 0.98% and a negative net margin of 15.55%. The firm had revenue of $230.22 million during the quarter, compared to analyst estimates of $224.08 million. On average, equities research analysts expect that Lightspeed Commerce will post -0.39 earnings per share for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Several institutional investors have recently bought and sold shares of the stock. Artisan Partners Limited Partnership boosted its stake in Lightspeed Commerce by 13.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 5,297,686 shares of the company’s stock valued at $111,232,000 after buying an additional 627,796 shares in the last quarter. Vanguard Group Inc. boosted its stake in Lightspeed Commerce by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,099,482 shares of the company’s stock valued at $71,699,000 after buying an additional 62,394 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in Lightspeed Commerce in the 1st quarter valued at $34,984,000. Dimensional Fund Advisors LP boosted its stake in Lightspeed Commerce by 14.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,965,996 shares of the company’s stock valued at $41,267,000 after buying an additional 246,741 shares in the last quarter. Finally, Azora Capital LP boosted its stake in Lightspeed Commerce by 133.1% in the 4th quarter. Azora Capital LP now owns 1,579,312 shares of the company’s stock valued at $33,166,000 after buying an additional 901,861 shares in the last quarter. 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.