Lightspeed Commerce (NYSE:LSPD) Given New $14.50 Price Target at Jefferies Financial Group

Lightspeed Commerce (NYSE:LSPD) had its price target reduced by Jefferies Financial Group from $16.00 to $14.50 in a research note published on Friday, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other equities analysts also recently weighed in on LSPD. BMO Capital Markets cut their target price on Lightspeed Commerce from $20.00 to $18.00 and set an outperform rating on the stock in a research note on Friday. National Bankshares boosted their price target on shares of Lightspeed Commerce from $15.00 to $16.00 and gave the stock a sector perform rating in a report on Friday, May 17th. Piper Sandler decreased their price objective on shares of Lightspeed Commerce from $17.00 to $15.00 and set a neutral rating for the company in a report on Friday. Royal Bank of Canada reissued an outperform rating and set a $21.00 price objective on shares of Lightspeed Commerce in a report on Wednesday, May 29th. Finally, Bank of America upped their price target on Lightspeed Commerce from $19.00 to $20.00 and gave the company a neutral rating in a research report on Friday, May 17th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lightspeed Commerce currently has a consensus rating of Hold and an average target price of $18.28.

Lightspeed Commerce Trading Up 4.3 %

Shares of Lightspeed Commerce stock traded up $0.51 on Friday, hitting $12.35. 939,358 shares of the company’s stock traded hands, compared to its average volume of 1,214,452. 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 one year low of $11.01 and a one year high of $21.71. The company has a fifty day moving average of $13.93 and a two-hundred day moving average of $14.30. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -11.07 and a beta of 2.33.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $266.10 million during the quarter, compared to analyst estimates of $258.58 million. Lightspeed Commerce had a negative net margin of 15.55% and a negative return on equity of 0.98%. Lightspeed Commerce’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.14) EPS. As a group, sell-side analysts expect that Lightspeed Commerce will post -0.39 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. bought a new position in Lightspeed Commerce during the 1st quarter valued at about $35,000. Conestoga Capital Advisors LLC bought a new position in Lightspeed Commerce during the first quarter valued at approximately $141,000. Duality Advisers LP purchased a new stake in Lightspeed Commerce during the 4th quarter valued at $276,000. Addenda Capital Inc. boosted its stake in shares of Lightspeed Commerce by 5.3% in the 1st quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock worth $560,000 after buying an additional 1,990 shares during the last quarter. Finally, Boulder Hill Capital Management LP bought a new stake in shares of Lightspeed Commerce in the first quarter worth $811,000. Hedge funds and other institutional investors 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.