Lightspeed Commerce (NYSE:LSPD) Given New $11.00 Price Target at Piper Sandler

Lightspeed Commerce (NYSE:LSPD - Free Report) had its price target reduced by Piper Sandler from $13.00 to $11.00 in a research report released on Thursday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Several other research analysts have also issued reports on LSPD. UBS Group cut their target price on shares of Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a research report on Friday, February 7th. Bank of America began coverage on Lightspeed Commerce in a research report on Wednesday, February 19th. They set a "buy" rating and a $20.00 price objective on the stock. Barclays dropped their target price on Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Royal Bank of Canada cut their target price on Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company decreased their price target on shares of Lightspeed Commerce from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $15.09.

Lightspeed Commerce Price Performance

NYSE LSPD traded down $0.28 during trading on Thursday, reaching $8.82. The company's stock had a trading volume of 460,950 shares, compared to its average volume of 927,977. The firm has a fifty day moving average of $12.52 and a 200 day moving average of $14.74. Lightspeed Commerce has a one year low of $8.74 and a one year high of $18.96. The stock has a market capitalization of $1.35 billion, a PE ratio of -11.01, a P/E/G ratio of 3.03 and a beta of 2.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99.

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 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%. Analysts expect that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its stake in shares of Lightspeed Commerce by 214.4% during the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock valued at $25,000 after buying an additional 1,025 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Lightspeed Commerce by 27.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock valued at $158,000 after purchasing an additional 2,168 shares during the period. Bayesian Capital Management LP purchased a new position in Lightspeed Commerce during the 4th quarter valued at $165,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Lightspeed Commerce in the 4th quarter worth about $256,000. Finally, Twinbeech Capital LP bought a new stake in shares of Lightspeed Commerce during the 4th quarter valued at about $261,000. 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.