Lightspeed Commerce (NYSE:LSPD - Free Report) had its price objective decreased by Morgan Stanley from $17.00 to $14.00 in a report released on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.
Several other research analysts also recently issued reports on LSPD. Bank of America lowered their price objective on Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Friday. Royal Bank of Canada reduced their price objective on shares of Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. BMO Capital Markets lowered their target price on Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Barclays reduced their price target on Lightspeed Commerce from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Friday. Eleven 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $15.09.
Check Out Our Latest Report on LSPD
Lightspeed Commerce Price Performance
Shares of LSPD stock traded down $0.35 on Friday, reaching $8.75. The company had a trading volume of 2,601,047 shares, compared to its average volume of 936,413. The stock has a market capitalization of $1.34 billion, a PE ratio of -10.93, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01. The business's 50-day moving average is $12.52 and its 200 day moving average is $14.74. Lightspeed Commerce has a one year low of $8.72 and a one year 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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 research analysts forecast that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.
Institutional Trading of Lightspeed Commerce
Large investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Lightspeed Commerce by 214.4% in the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock worth $25,000 after acquiring an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Lightspeed Commerce by 27.4% in 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 in the last quarter. Bayesian Capital Management LP acquired a new stake in Lightspeed Commerce in the 4th quarter valued at $165,000. Susquehanna Fundamental Investments LLC bought a new stake in Lightspeed Commerce during the 4th quarter valued at $256,000. Finally, Twinbeech Capital LP acquired a new position in Lightspeed Commerce during the fourth quarter worth $261,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.
Lightspeed Commerce Company Profile
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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.
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