Lightspeed Commerce (NYSE:LSPD - Free Report) had its price target decreased by Stifel Nicolaus from $15.00 to $12.00 in a report released on Friday,BayStreet.CA reports. Stifel Nicolaus currently has a hold rating on the stock.
Other equities analysts also recently issued reports about the company. Scotiabank lowered their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a "sector outperform" rating for the company in a research report on Tuesday, March 25th. Piper Sandler decreased their price objective on Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Morgan Stanley reduced their price objective on shares of Lightspeed Commerce from $17.00 to $14.00 and set an "equal weight" rating for the company in a research report on Friday. BMO Capital Markets lowered their price target on shares of Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th. Finally, Barclays reduced their price target 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. Eleven equities 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $15.09.
View Our Latest Stock Report on Lightspeed Commerce
Lightspeed Commerce Price Performance
Shares of NYSE:LSPD traded up $0.17 during midday trading on Friday, hitting $8.92. The company's stock had a trading volume of 971,790 shares, compared to its average volume of 936,554. Lightspeed Commerce has a 12-month low of $8.54 and a 12-month high of $18.96. The company has a market cap of $1.36 billion, a P/E ratio of -11.14, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The business's 50 day simple moving average is $12.40 and its 200 day simple moving average is $14.71.
Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) 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%. On average, analysts forecast that Lightspeed Commerce will post 0.08 EPS for the current year.
Hedge Funds Weigh In On Lightspeed Commerce
A number of hedge funds have recently made changes to their positions in LSPD. 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 buying an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of 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 worth $158,000 after buying an additional 2,168 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of Lightspeed Commerce in the 4th quarter worth approximately $165,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Lightspeed Commerce during the fourth quarter valued at $256,000. Finally, Twinbeech Capital LP purchased a new position in Lightspeed Commerce during the 4th quarter worth approximately $261,000. Institutional investors and hedge funds own 68.68% of the company's stock.
About Lightspeed Commerce
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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.
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