Atb Cap Markets Downgrades Lightspeed Commerce (NYSE:LSPD) to Hold

Lightspeed Commerce (NYSE:LSPD) was downgraded by research analysts at Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other analysts have also weighed in on LSPD. Scotiabank dropped their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating for the company in a research note on Tuesday. UBS Group dropped their price target on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company decreased 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 report on Friday, February 7th. Benchmark dropped their target price on shares of Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a report on Thursday. Finally, Royal Bank of Canada reduced their price target on Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.82.

Lightspeed Commerce Trading Down 5.8 %

Shares of LSPD opened at $9.37 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. Lightspeed Commerce has a fifty-two week low of $9.25 and a fifty-two week high of $18.96. The firm has a 50 day moving average price of $12.63 and a 200-day moving average price of $14.73. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -11.71, a PEG ratio of 3.03 and a beta of 2.44.

Lightspeed Commerce (NYSE:LSPD) last posted 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 negative net margin of 11.75% and a positive return on equity of 0.61%. As a group, equities research analysts forecast that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LSPD. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lightspeed Commerce by 37,065.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock valued at $63,688,000 after acquiring an additional 4,170,557 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Lightspeed Commerce during the 4th quarter valued at about $24,334,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Lightspeed Commerce by 266.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company’s stock worth $20,660,000 after buying an additional 986,100 shares during the last quarter. Intact Investment Management Inc. lifted its stake in shares of Lightspeed Commerce by 94.5% in the fourth quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock worth $26,031,000 after buying an additional 829,577 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Lightspeed Commerce by 304.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 397,752 shares of the company’s stock worth $6,061,000 after buying an additional 299,482 shares in the last quarter. 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.