Short Interest in Lightspeed Commerce Inc. (NYSE:LSPD) Decreases By 13.3%

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 5,010,000 shares, a drop of 13.3% from the February 13th total of 5,780,000 shares. Currently, 3.6% of the shares of the company are short sold. Based on an average trading volume of 771,000 shares, the days-to-cover ratio is presently 6.5 days.

Lightspeed Commerce Price Performance

Shares of LSPD traded up $0.05 during midday trading on Friday, hitting $10.63. 609,309 shares of the company traded hands, compared to its average volume of 910,712. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -13.28, a PEG ratio of 3.03 and a beta of 2.44. The firm has a 50 day moving average of $13.02 and a 200-day moving average of $14.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. Lightspeed Commerce has a 52 week low of $10.20 and a 52 week high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly 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 negative net margin of 11.75% and a positive return on equity of 0.61%. On average, analysts forecast that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

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Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LSPD shares. UBS Group reduced their price objective on Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a research note on Friday, February 7th. Wells Fargo & Company decreased their price objective on Lightspeed Commerce from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Scotiabank cut their price objective on Lightspeed Commerce from $21.00 to $19.00 and set a "sector outperform" rating for the company in a research note on Friday, February 7th. Bank of America began coverage on shares of Lightspeed Commerce in a research note on Wednesday, February 19th. They set a "buy" rating and a $20.00 target price on the stock. Finally, Barclays lowered their price target on shares of Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $18.39.

Institutional Investors Weigh In On Lightspeed Commerce

Several large investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in Lightspeed Commerce by 214.4% during 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 during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 valued at $158,000 after buying an additional 2,168 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Lightspeed Commerce in the 4th quarter valued at about $165,000. Susquehanna Fundamental Investments LLC purchased a new position in Lightspeed Commerce in the fourth quarter worth about $256,000. Finally, Twinbeech Capital LP purchased a new position in Lightspeed Commerce in the fourth quarter worth about $261,000. Institutional investors 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.