Lightspeed Commerce (NYSE:LSPD) Hits New 1-Year Low - What's Next?

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as $7.34 and last traded at $7.40, with a volume of 112660 shares. The stock had previously closed at $7.86.

Analysts Set New Price Targets

Several research firms recently issued reports on LSPD. Scotiabank dropped their price target on Lightspeed Commerce from $19.00 to $17.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, March 25th. Stifel Nicolaus dropped their target price on shares of Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating on the stock in a report on Friday, March 28th. Benchmark decreased 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. Barclays lowered their price objective on shares of Lightspeed Commerce from $15.00 to $13.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Finally, Morgan Stanley cut their target price on shares of Lightspeed Commerce from $17.00 to $14.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $15.09.

Lightspeed Commerce Trading Up 3.6 %

The firm has a market capitalization of $1.40 billion, a P/E ratio of -11.43, a PEG ratio of 3.03 and a beta of 2.52. The business's 50 day moving average is $11.09 and its two-hundred day moving average is $14.31. 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 (NYSE:LSPD - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.03 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%. Analysts expect that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSPD. State Street Corp lifted its holdings in shares of Lightspeed Commerce by 29.1% in the third quarter. State Street Corp now owns 353,472 shares of the company's stock valued at $5,829,000 after buying an additional 79,696 shares during the period. PCJ Investment Counsel Ltd. lifted its holdings in Lightspeed Commerce by 33.8% in the 4th quarter. PCJ Investment Counsel Ltd. now owns 123,060 shares of the company's stock valued at $1,874,000 after acquiring an additional 31,060 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in shares of Lightspeed Commerce in the 4th quarter worth approximately $579,000. AGF Management Ltd. bought a new stake in shares of Lightspeed Commerce in the 4th quarter worth approximately $1,295,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Lightspeed Commerce by 37,065.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company's stock valued at $63,688,000 after purchasing an additional 4,170,557 shares during the last quarter. 68.68% of the stock is 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.