Lightspeed Commerce's (LSPD) Underweight Rating Reaffirmed at JPMorgan Chase & Co.

Lightspeed Commerce (NYSE:LSPD - Get Free Report)'s stock had its "underweight" rating restated by equities researchers at JPMorgan Chase & Co. in a report issued on Monday, MarketBeat reports. They currently have a $9.00 price objective on the stock, down from their previous price objective of $10.00. JPMorgan Chase & Co.'s price target indicates a potential downside of 3.23% from the stock's current price.

LSPD has been the subject of several other research reports. Atb Cap Markets cut Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 26th. Royal Bank of Canada reduced their price target on shares of Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. Stifel Nicolaus lowered their price objective on shares of Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating for the company in a research report on Friday, March 28th. Piper Sandler reduced their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, Benchmark lowered their price target on shares of Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lightspeed Commerce presently has an average rating of "Hold" and an average price target of $14.91.

Lightspeed Commerce Price Performance

LSPD traded up $0.14 on Monday, hitting $9.30. 1,138,586 shares of the company's stock traded hands, compared to its average volume of 970,071. The company's 50 day simple moving average is $10.68 and its 200-day simple moving average is $14.07. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a one year low of $7.34 and a one year high of $18.96. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -11.62, a P/E/G ratio of 3.03 and a beta of 2.52.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, research analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Lightspeed Commerce by 7.1% in the third quarter. FMR LLC now owns 58,971 shares of the company's stock valued at $972,000 after acquiring an additional 3,900 shares in the last quarter. State Street Corp raised its stake in Lightspeed Commerce by 29.1% in the third quarter. State Street Corp now owns 353,472 shares of the company's stock worth $5,829,000 after buying an additional 79,696 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Lightspeed Commerce during the third quarter worth $699,000. Barclays PLC lifted its stake in shares of Lightspeed Commerce by 8,355.1% during the 3rd quarter. Barclays PLC now owns 29,170 shares of the company's stock worth $481,000 after purchasing an additional 28,825 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Lightspeed Commerce by 7.7% during the third quarter. Geode Capital Management LLC now owns 64,920 shares of the company's stock valued at $1,075,000 after purchasing an additional 4,629 shares in the last quarter. 68.68% of the stock is currently 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.