Lightspeed Commerce (NYSE:LSPD) Shares Down 4% - What's Next?

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) was down 4% during mid-day trading on Monday . The stock traded as low as $10.02 and last traded at $10.21. Approximately 208,174 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 908,893 shares. The stock had previously closed at $10.63.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on Lightspeed Commerce from $16.00 to $13.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Barclays dropped their price target on Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. BMO Capital Markets reduced their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Thursday. Benchmark lowered their target price on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Royal Bank of Canada reduced 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 report on Tuesday. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $16.82.

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Lightspeed Commerce Stock Performance

The business has a 50 day moving average of $12.74 and a 200-day moving average of $14.77. The company has a market capitalization of $1.44 billion, a P/E ratio of -11.76, 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.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings results 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 negative net margin of 11.75% and a positive return on equity of 0.61%. On average, sell-side analysts predict that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp grew its position in Lightspeed Commerce by 156.9% during the fourth quarter. Mackenzie Financial Corp now owns 360,221 shares of the company's stock worth $5,487,000 after buying an additional 220,000 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Lightspeed Commerce by 17.6% during the fourth quarter. Toronto Dominion Bank now owns 20,477 shares of the company's stock worth $312,000 after purchasing an additional 3,069 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Lightspeed Commerce by 6.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,854 shares of the company's stock worth $1,871,000 after purchasing an additional 7,022 shares during the last quarter. Twinbeech Capital LP purchased a new stake in Lightspeed Commerce in the fourth quarter valued at approximately $261,000. Finally, Two Sigma Advisers LP raised its stake in Lightspeed Commerce by 165.6% in the fourth quarter. Two Sigma Advisers LP now owns 64,800 shares of the company's stock valued at $987,000 after purchasing an additional 40,400 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.