Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $16.00 at Benchmark

Lightspeed Commerce (NYSE:LSPD - Free Report) had its price target trimmed by Benchmark from $21.00 to $16.00 in a research note published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms also recently commented on LSPD. Scotiabank reduced their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a "sector outperform" rating for the company in a research note on Tuesday, March 25th. Piper Sandler reduced their target price 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. Barclays dropped their price objective on shares of Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Bank of America began coverage on shares of Lightspeed Commerce in a report on Wednesday, February 19th. They issued a "buy" rating and a $20.00 price objective for the company. Finally, Royal Bank of Canada decreased their target price on shares of Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Eleven research 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. According to MarketBeat, Lightspeed Commerce currently has a consensus rating of "Hold" and a consensus price target of $15.09.

Lightspeed Commerce Price Performance

Shares of NYSE LSPD traded down $0.28 during trading on Thursday, hitting $8.82. The company had a trading volume of 460,950 shares, compared to its average volume of 927,977. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -11.01, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. The stock has a fifty day simple moving average of $12.52 and a two-hundred day simple moving average of $14.74. 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 has a fifty-two week low of $8.74 and a fifty-two week high of $18.96.

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 (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, research analysts expect that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Lightspeed Commerce by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company's stock valued at $81,319,000 after acquiring an additional 70,324 shares during the period. Arrowstreet Capital Limited Partnership raised its position in 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. Nuveen Asset Management LLC lifted its stake in Lightspeed Commerce by 0.8% during the fourth quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company's stock worth $48,009,000 after purchasing an additional 24,891 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Lightspeed Commerce by 1.1% during the fourth quarter. Bank of Montreal Can now owns 2,022,590 shares of the company's stock worth $30,803,000 after buying an additional 21,357 shares during the period. Finally, Intact Investment Management Inc. grew its stake in shares of Lightspeed Commerce by 94.5% in the fourth quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company's stock valued at $26,031,000 after buying an additional 829,577 shares in the last quarter. Hedge funds and other 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.