JPMorgan Chase & Co. Has Lowered Expectations for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its target price lowered by JPMorgan Chase & Co. from $13.00 to $10.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts also recently issued reports about the stock. Barclays reduced their price objective on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. Benchmark decreased their price target on shares of Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. Atb Cap Markets lowered Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Morgan Stanley dropped their price target on Lightspeed Commerce from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. Finally, Scotiabank decreased their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating for the company in a report on Tuesday, March 25th. Eleven analysts have rated the stock with a hold rating, six have issued 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 a consensus rating of “Hold” and an average price target of $15.09.

Lightspeed Commerce Trading Up 1.7 %

NYSE:LSPD opened at $9.06 on Monday. The firm has a market capitalization of $1.39 billion, a P/E ratio of -11.32, a P/E/G ratio of 3.03 and a beta of 2.44. Lightspeed Commerce has a 52 week low of $8.54 and a 52 week high of $18.96. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $12.17 and a 200 day moving average of $14.65.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.03 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 0.61%. On average, research analysts predict that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of hedge funds have recently added to or reduced their stakes in LSPD. CIBC Asset Management Inc boosted its stake in Lightspeed Commerce by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 172,182 shares of the company’s stock valued at $2,620,000 after purchasing an additional 679 shares during the last quarter. Addenda Capital Inc. raised its position in Lightspeed Commerce by 2.0% in the 4th quarter. Addenda Capital Inc. now owns 46,609 shares of the company’s stock worth $710,000 after buying an additional 931 shares during the last quarter. Blue Trust Inc. lifted its stake in Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after acquiring an additional 1,025 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Lightspeed Commerce by 5.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company’s stock valued at $370,000 after acquiring an additional 1,276 shares during the last quarter. Finally, Scotia Capital Inc. grew its stake in shares of Lightspeed Commerce by 12.0% in the fourth quarter. Scotia Capital Inc. now owns 19,225 shares of the company’s stock worth $293,000 after acquiring an additional 2,053 shares during the period. 68.68% of the stock is currently owned by hedge funds and other 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.