Barclays Lowers Lightspeed Commerce (NYSE:LSPD) Price Target to $15.00

Lightspeed Commerce (NYSE:LSPD) had its price objective decreased by Barclays from $18.00 to $15.00 in a research note published on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research firms have also issued reports on LSPD. Scotiabank decreased their price target on shares of Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a research report on Friday. UBS Group cut their target price on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research report on Friday. TD Securities increased their price target on Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on shares of Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Finally, Benchmark upped their price target on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lightspeed Commerce presently has an average rating of “Hold” and an average price target of $18.39.

Lightspeed Commerce Stock Performance

Shares of NYSE LSPD opened at $13.14 on Friday. Lightspeed Commerce has a 1 year low of $11.01 and a 1 year high of $18.96. The firm has a market cap of $2.00 billion, a P/E ratio of -16.43 and a beta of 2.42. The stock has a fifty day moving average price of $15.42 and a two-hundred day moving average price of $14.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.94 and a current ratio of 6.08.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.60% and a negative net margin of 11.75%. Research analysts forecast that Lightspeed Commerce will post -0.02 EPS for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Several hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. grew its stake in Lightspeed Commerce by 214.4% in the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after purchasing an additional 1,025 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Lightspeed Commerce in the 3rd quarter valued at approximately $225,000. Toronto Dominion Bank increased its holdings in Lightspeed Commerce by 153.4% in the third quarter. Toronto Dominion Bank now owns 17,408 shares of the company’s stock worth $287,000 after buying an additional 10,538 shares during the last quarter. Amundi raised its position in Lightspeed Commerce by 20.5% during the fourth quarter. Amundi now owns 22,538 shares of the company’s stock valued at $347,000 after acquiring an additional 3,838 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Lightspeed Commerce by 5.5% during the fourth 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 in the last quarter. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Lightspeed Commerce Company Profile

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.