Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $13.00 by Analysts at Barclays

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its price target lowered by stock analysts at Barclays from $15.00 to $13.00 in a report issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price would indicate a potential upside of 46.31% from the stock's current price.

Several other equities analysts have also weighed in on LSPD. 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 note on Friday, February 7th. BMO Capital Markets decreased their price objective on shares of Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday, March 27th. Scotiabank cut their target price on shares of Lightspeed Commerce from $19.00 to $17.00 and set a "sector outperform" rating on the stock in a report on Tuesday, March 25th. Benchmark lowered their price objective on shares of Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Finally, Royal Bank of Canada reduced their target price on Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $15.09.

Lightspeed Commerce Trading Up 1.5 %

Shares of NYSE:LSPD traded up $0.14 during trading on Friday, hitting $8.89. 454,476 shares of the company's stock were exchanged, compared to its average volume of 934,631. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.36 billion, a P/E ratio of -11.11, a PEG ratio of 3.03 and a beta of 2.44. The firm has a 50-day moving average price of $12.40 and a two-hundred day moving average price of $14.71. Lightspeed Commerce has a 1-year low of $8.54 and a 1-year high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its 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 positive return on equity of 0.61% and a negative net margin of 11.75%. Equities analysts predict that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in shares of 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 acquiring an additional 1,025 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Lightspeed Commerce by 27.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock worth $158,000 after purchasing an additional 2,168 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Lightspeed Commerce during the 4th quarter worth approximately $165,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Lightspeed Commerce in the 4th quarter valued at approximately $256,000. Finally, Twinbeech Capital LP bought a new position in shares of Lightspeed Commerce in the fourth quarter valued at $261,000. 68.68% of the stock is owned by 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.