Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report)'s share price traded down 5.1% during trading on Tuesday . The company traded as low as $11.20 and last traded at $11.52. 803,478 shares traded hands during trading, a decline of 3% from the average session volume of 827,655 shares. The stock had previously closed at $12.14.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Bank of America assumed coverage on Lightspeed Commerce in a research report on Wednesday, February 19th. They set a "buy" rating and a $20.00 price objective for the company. UBS Group reduced their price target on Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a research report on Friday, February 7th. Scotiabank reduced their price target on Lightspeed Commerce from $21.00 to $19.00 and set a "sector outperform" rating for the company in a research report on Friday, February 7th. TD Securities upped their price target on Lightspeed Commerce from $15.00 to $19.00 and gave the stock a "hold" rating in a research report on Friday, November 8th. Finally, Barclays dropped their price objective on 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. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Lightspeed Commerce has an average rating of "Moderate Buy" and an average price target of $18.39.
Check Out Our Latest Research Report on Lightspeed Commerce
Lightspeed Commerce Stock Performance
The business has a 50 day moving average of $14.07 and a 200 day moving average of $14.99. The company has a market capitalization of $1.75 billion, a P/E ratio of -14.27, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. 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 (NYSE:LSPD - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates 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 earnings per share for the current year.
Institutional Investors Weigh In On Lightspeed Commerce
Several institutional investors have recently modified their holdings of LSPD. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lightspeed Commerce by 37,065.0% in the 4th 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 last quarter. Ameriprise Financial Inc. bought a new stake in shares of Lightspeed Commerce in the 4th quarter valued at approximately $24,334,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Lightspeed Commerce by 266.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company's stock valued at $20,660,000 after purchasing an additional 986,100 shares during the last quarter. Intact Investment Management Inc. lifted its stake in shares of Lightspeed Commerce by 94.5% in the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company's stock valued at $26,031,000 after purchasing an additional 829,577 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Lightspeed Commerce by 30.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company's stock valued at $54,838,000 after purchasing an additional 766,688 shares during the last quarter. 68.68% of the stock is owned by institutional investors.
Lightspeed Commerce Company Profile
(
Get Free Report)
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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