BMO Capital Markets Issues Pessimistic Forecast for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD - Free Report) had its target price lowered by BMO Capital Markets from $15.00 to $14.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

LSPD has been the topic of several other reports. Benchmark lowered their price objective on shares of Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday. Scotiabank dropped their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, March 25th. Barclays reduced their target price on Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. UBS Group dropped their price target 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. Finally, Piper Sandler reduced their price objective on shares of Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $15.09.

Lightspeed Commerce Stock Down 3.1 %

Shares of NYSE:LSPD traded down $0.29 during mid-day trading on Thursday, reaching $8.81. 484,793 shares of the stock were exchanged, compared to its average volume of 928,114. The company has a market cap of $1.35 billion, a P/E ratio of -10.99, a P/E/G ratio of 3.03 and a beta of 2.44. The stock's 50 day simple moving average is $12.52 and its 200-day simple moving average is $14.74. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a one year low of $8.74 and a one year high of $18.96.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LSPD. Mackenzie Financial Corp increased its stake in shares of Lightspeed Commerce by 156.9% in the fourth quarter. Mackenzie Financial Corp now owns 360,221 shares of the company's stock valued at $5,487,000 after buying an additional 220,000 shares during the period. Toronto Dominion Bank raised its position in Lightspeed Commerce by 17.6% in the 4th quarter. Toronto Dominion Bank now owns 20,477 shares of the company's stock valued at $312,000 after buying an additional 3,069 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Lightspeed Commerce by 6.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,854 shares of the company's stock valued at $1,871,000 after purchasing an additional 7,022 shares during the period. Twinbeech Capital LP bought a new position in shares of Lightspeed Commerce during the 4th quarter valued at approximately $261,000. Finally, Two Sigma Advisers LP raised its stake in shares of Lightspeed Commerce by 165.6% in the fourth quarter. Two Sigma Advisers LP now owns 64,800 shares of the company's stock valued at $987,000 after buying an additional 40,400 shares during the period. Institutional investors own 68.68% of the company's stock.

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.