Lightspeed Commerce (NYSE:LSPD) Stock Price Down 4% - Here's What Happened

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LSPD shares. Royal Bank of Canada lowered their price target on shares of Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday. UBS Group dropped their target price on Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating on the stock in a research report on Friday, February 7th. Atb Cap Markets downgraded Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Piper Sandler lowered their price target on Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, BMO Capital Markets cut their price objective on shares of Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Lightspeed Commerce has a consensus rating of "Moderate Buy" and a consensus price target of $16.54.

Lightspeed Commerce Stock Down 3.0 %

The firm has a 50-day moving average of $12.63 and a two-hundred day moving average of $14.73. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -11.36, a PEG ratio of 3.03 and a beta of 2.44. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01.

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 (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%. As a group, sell-side analysts predict that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock worth $25,000 after purchasing an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in 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 buying an additional 2,168 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Lightspeed Commerce during the fourth quarter worth $165,000. Susquehanna Fundamental Investments LLC bought a new stake in Lightspeed Commerce in the 4th quarter valued at $256,000. Finally, Twinbeech Capital LP acquired a new position in shares of Lightspeed Commerce in the 4th quarter valued at $261,000. 68.68% of the stock is owned by institutional investors and hedge funds.

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.