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

Lightspeed Commerce (NYSE:LSPD - Free Report) had its price target cut by Barclays from $18.00 to $15.00 in a report issued on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts have also recently issued reports about the company. Wells Fargo & Company dropped their price target on Lightspeed Commerce from $16.00 to $13.00 and set an "equal weight" rating for the company in a research report on Friday. Royal Bank of Canada raised Lightspeed Commerce from a "strong sell" rating to a "moderate buy" rating in a research note on Friday, November 8th. Scotiabank decreased their price target on Lightspeed Commerce from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a research note on Friday. JPMorgan Chase & Co. upped their price target on Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Finally, UBS Group decreased their target price on Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating on the stock in a research note on Friday. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $18.39.

Lightspeed Commerce Stock Performance

NYSE:LSPD traded down $0.16 during trading hours on Friday, reaching $13.15. The company had a trading volume of 1,023,637 shares, compared to its average volume of 660,012. 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 PE ratio of -16.44 and a beta of 2.42. The business's 50 day moving average price is $15.34 and its 200-day moving average price is $15.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings data 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 0.60%. Research analysts forecast that Lightspeed Commerce will post -0.02 EPS for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

A number of hedge funds and other institutional investors have recently bought and sold shares of LSPD. The Manufacturers Life Insurance Company lifted its holdings in Lightspeed Commerce by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 114,808 shares of the company's stock valued at $1,567,000 after acquiring an additional 2,459 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Lightspeed Commerce by 151.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 227,381 shares of the company's stock worth $3,750,000 after buying an additional 137,085 shares during the last quarter. Intact Investment Management Inc. raised its stake in shares of Lightspeed Commerce by 10,117.5% during the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company's stock worth $14,473,000 after buying an additional 869,090 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Lightspeed Commerce during the 3rd quarter worth $225,000. Finally, LMR Partners LLP acquired a new position in shares of Lightspeed Commerce during the 3rd quarter worth $2,441,000. Institutional investors and hedge funds 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.