Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its target price decreased by equities research analysts at Wells Fargo & Company from $17.00 to $16.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 6.99% from the stock's previous close.
Other analysts also recently issued research reports about the company. Royal Bank of Canada upgraded Lightspeed Commerce from a "strong sell" rating to a "moderate buy" rating in a report on Friday, November 8th. Benchmark boosted their price target on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a "buy" rating in a report on Friday, November 8th. Barclays lowered shares of Lightspeed Commerce from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $20.00 to $18.00 in a research note on Friday, January 10th. TD Securities boosted their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a "hold" rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their target price on Lightspeed Commerce from $20.00 to $26.00 in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $19.50.
View Our Latest Stock Report on LSPD
Lightspeed Commerce Price Performance
LSPD stock traded up $0.12 on Thursday, hitting $14.96. 336,788 shares of the company's stock traded hands, compared to its average volume of 386,209. The company has a current ratio of 6.08, a quick ratio of 5.94 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -16.80 and a beta of 2.44. Lightspeed Commerce has a 1-year low of $11.01 and a 1-year high of $20.09. The stock has a fifty day moving average of $16.62 and a 200-day moving average of $14.92.
Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $277.18 million during the quarter, compared to analyst estimates of $273.90 million. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. On average, analysts forecast that Lightspeed Commerce will post -0.02 EPS for the current fiscal year.
Hedge Funds Weigh In On Lightspeed Commerce
A number of hedge funds have recently added to or reduced their stakes in LSPD. 1832 Asset Management L.P. lifted its stake in Lightspeed Commerce by 345,464.1% in the second quarter. 1832 Asset Management L.P. now owns 404,310 shares of the company's stock valued at $5,535,000 after acquiring an additional 404,193 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Lightspeed Commerce during the 2nd quarter valued at $956,000. State Street Corp lifted its stake in shares of Lightspeed Commerce by 29.1% in the 3rd quarter. State Street Corp now owns 353,472 shares of the company's stock valued at $5,829,000 after purchasing an additional 79,696 shares during the last quarter. Intact Investment Management Inc. boosted its holdings in Lightspeed Commerce by 10,117.5% in the third quarter. Intact Investment Management Inc. now owns 877,680 shares of the company's stock worth $14,473,000 after purchasing an additional 869,090 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in Lightspeed Commerce during the third quarter worth $499,000. Institutional investors and hedge funds own 68.68% of the company's stock.
Lightspeed Commerce Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Lightspeed Commerce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lightspeed Commerce wasn't on the list.
While Lightspeed Commerce currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
