JPMorgan Chase & Co. Lowers Lightspeed Commerce (NYSE:LSPD) Price Target to $10.00

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

Other analysts have also recently issued research reports about the stock. Morgan Stanley cut their target price on shares of Lightspeed Commerce from $17.00 to $14.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Atb Cap Markets cut Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 26th. 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 report on Friday, February 7th. Barclays dropped their price target on Lightspeed Commerce from $15.00 to $13.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. Finally, Benchmark decreased their price objective on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $15.09.

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Lightspeed Commerce Stock Down 7.4 %

Lightspeed Commerce stock traded down $0.61 during midday trading on Monday, reaching $7.60. The stock had a trading volume of 953,578 shares, compared to its average volume of 936,687. Lightspeed Commerce has a 1-year low of $7.43 and a 1-year high of $18.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The firm's fifty day simple moving average is $12.04 and its 200-day simple moving average is $14.60. The stock has a market capitalization of $1.16 billion, a P/E ratio of -9.48, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44.

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 positive return on equity of 0.61% and a negative net margin of 11.75%. As a group, analysts expect that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its stake 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 during the last quarter. Ameriprise Financial Inc. bought a new position in Lightspeed Commerce during the 4th quarter worth $24,334,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Lightspeed Commerce by 266.2% during the 4th 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 period. Intact Investment Management Inc. grew its position in shares of Lightspeed Commerce by 94.5% in the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company's stock valued at $26,031,000 after buying an additional 829,577 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased 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 valued at $6,061,000 after buying an additional 299,482 shares during the period. 68.68% of the stock is currently owned by institutional investors and hedge funds.

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.