Lightspeed Commerce (NYSE:LSPD) Given New $15.00 Price Target at TD Securities

Lightspeed Commerce (NYSE:LSPD) had its target price decreased by TD Securities from $16.00 to $15.00 in a report released on Friday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Several other brokerages also recently weighed in on LSPD. Piper Sandler cut their target price on shares of Lightspeed Commerce from $17.00 to $15.00 and set a neutral rating for the company in a research note on Friday. Jefferies Financial Group upped their price objective on shares of Lightspeed Commerce from $14.00 to $16.00 and gave the company a hold rating in a research note on Tuesday, May 21st. Scotiabank raised their target price on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a sector outperform rating in a research report on Friday, May 17th. Wells Fargo & Company reduced their price target on Lightspeed Commerce from $17.00 to $15.00 and set an equal weight rating on the stock in a research note on Wednesday. Finally, Bank of America raised their price objective on Lightspeed Commerce from $19.00 to $20.00 and gave the stock a neutral rating in a report on Friday, May 17th. Twelve investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $18.19.

Lightspeed Commerce Price Performance

NYSE:LSPD traded down $1.25 during mid-day trading on Friday, hitting $11.92. 1,766,103 shares of the company’s stock traded hands, compared to its average volume of 928,482. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.23 and a current ratio of 6.34. The firm’s 50 day simple moving average is $13.99 and its 200 day simple moving average is $14.41. Lightspeed Commerce has a 1 year low of $11.80 and a 1 year high of $21.71. The company has a market cap of $1.83 billion, a PE ratio of -11.16 and a beta of 2.33.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, May 16th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $224.08 million. Sell-side analysts expect that Lightspeed Commerce will post -0.39 EPS for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Several institutional investors and hedge funds have recently made changes to their positions in LSPD. Artisan Partners Limited Partnership increased its position in Lightspeed Commerce by 13.4% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,297,686 shares of the company’s stock worth $111,232,000 after buying an additional 627,796 shares during the period. Vanguard Group Inc. increased its position in Lightspeed Commerce by 1.2% in the first quarter. Vanguard Group Inc. now owns 5,099,482 shares of the company’s stock worth $71,699,000 after buying an additional 62,394 shares during the period. Westfield Capital Management Co. LP acquired a new stake in Lightspeed Commerce in the first quarter worth $34,984,000. Dimensional Fund Advisors LP increased its position in Lightspeed Commerce by 14.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,965,996 shares of the company’s stock worth $41,267,000 after buying an additional 246,741 shares during the period. Finally, Azora Capital LP increased its position in Lightspeed Commerce by 133.1% in the fourth quarter. Azora Capital LP now owns 1,579,312 shares of the company’s stock worth $33,166,000 after buying an additional 901,861 shares during the period. 68.68% of the stock is owned by institutional investors and hedge funds.

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.