Barclays Issues Pessimistic Forecast for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its price objective dropped by research analysts at Barclays from $13.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's target price points to a potential upside of 16.90% from the stock's current price.

A number of other equities research analysts also recently weighed in on LSPD. Morgan Stanley lowered their price target on Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $9.00 price target (down from $10.00) on shares of Lightspeed Commerce in a research report on Monday, April 14th. Bank of America decreased their price target on shares of Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Benchmark cut their target price on shares of Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Finally, Piper Sandler lowered their target price on Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.84.

Lightspeed Commerce Stock Up 1.4 %

Shares of Lightspeed Commerce stock traded up $0.15 on Monday, hitting $10.27. 150,599 shares of the company's stock traded hands, compared to its average volume of 981,501. 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 firm's 50-day moving average is $10.38 and its 200 day moving average is $13.89. The stock has a market cap of $1.57 billion, a P/E ratio of -12.88, a PEG ratio of 3.03 and a beta of 2.52. Lightspeed Commerce has a 52-week low of $7.34 and a 52-week high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced 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%. Equities analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSPD. State Street Corp increased its position in shares of Lightspeed Commerce by 29.1% during 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 period. PCJ Investment Counsel Ltd. grew its holdings in Lightspeed Commerce by 33.8% during the fourth quarter. PCJ Investment Counsel Ltd. now owns 123,060 shares of the company's stock worth $1,874,000 after acquiring an additional 31,060 shares during the period. NINE MASTS CAPITAL Ltd bought a new stake in Lightspeed Commerce in the fourth quarter worth about $579,000. AGF Management Ltd. acquired a new stake in Lightspeed Commerce in the 4th quarter valued at about $1,295,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Lightspeed Commerce by 37,065.0% during the 4th 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 in the last quarter. 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.