Bank of America Cuts Lightspeed Commerce (NYSE:LSPD) Price Target to $18.00

Lightspeed Commerce (NYSE:LSPD - Free Report) had its price target lowered by Bank of America from $20.00 to $18.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also weighed in on LSPD. UBS Group decreased their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a report on Friday, February 7th. Royal Bank of Canada decreased their price target on shares of Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Scotiabank dropped their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, March 25th. Barclays decreased 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. Finally, Benchmark lowered their target price on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a report on Thursday. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $15.09.

Lightspeed Commerce Trading Down 3.0 %

Shares of NYSE:LSPD traded down $0.28 during trading hours on Thursday, hitting $8.82. 460,950 shares of the company's stock traded hands, compared to its average volume of 927,977. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The business has a fifty day moving average price of $12.52 and a 200-day moving average price of $14.74. Lightspeed Commerce has a 1 year low of $8.74 and a 1 year high of $18.96. The firm has a market capitalization of $1.35 billion, a P/E ratio of -11.01, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its position in 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 acquiring an additional 1,025 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Lightspeed Commerce by 27.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock worth $158,000 after purchasing an additional 2,168 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Lightspeed Commerce during the 4th quarter valued at $165,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Lightspeed Commerce in the 4th quarter worth $256,000. Finally, Twinbeech Capital LP purchased a new position in Lightspeed Commerce during the 4th quarter worth $261,000. Hedge funds and other institutional investors own 68.68% of the company's stock.

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.