Lightspeed Commerce (NYSE:LSPD) Lowered to "Hold" Rating by Atb Cap Markets

Atb Cap Markets cut shares of Lightspeed Commerce (NYSE:LSPD - Free Report) from a strong-buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

LSPD has been the subject of several other research reports. Piper Sandler decreased their price target 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, March 27th. Benchmark lowered their price objective on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. UBS Group reduced their target price on shares of Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating on the stock in a report on Friday, February 7th. Scotiabank lowered their price target on shares of Lightspeed Commerce from $19.00 to $17.00 and set a "sector outperform" rating for the company in a report on Tuesday, March 25th. Finally, Wells Fargo & Company reduced their price objective on shares of Lightspeed Commerce from $16.00 to $13.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Eleven investment 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $15.09.

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Lightspeed Commerce Trading Up 1.5 %

Shares of LSPD traded up $0.14 during trading on Wednesday, reaching $8.89. 454,476 shares of the company traded hands, compared to its average volume of 964,148. The stock has a 50-day simple moving average of $12.40 and a 200-day simple moving average of $14.71. The stock has a market cap of $1.36 billion, a PE ratio of -11.11, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. Lightspeed Commerce has a twelve month low of $8.53 and a twelve month high of $18.96. 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 posted its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share 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%. On average, analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Several institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lightspeed Commerce by 37,065.0% in 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 period. Ameriprise Financial Inc. purchased a new position in Lightspeed Commerce in the fourth quarter valued at about $24,334,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Lightspeed Commerce by 266.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company's stock valued at $20,660,000 after acquiring an additional 986,100 shares during the period. Intact Investment Management Inc. boosted its stake in shares of Lightspeed Commerce by 94.5% during the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company's stock worth $26,031,000 after acquiring an additional 829,577 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of Lightspeed Commerce by 304.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 397,752 shares of the company's stock worth $6,061,000 after acquiring an additional 299,482 shares during the period. 68.68% of the stock is owned by institutional investors and hedge funds.

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.