Morgan Stanley Cuts Lightspeed Commerce (NYSE:LSPD) Price Target to $12.00

Lightspeed Commerce (NYSE:LSPD - Free Report) had its price target lowered by Morgan Stanley from $14.00 to $12.00 in a report released on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

LSPD has been the topic of several other research reports. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $9.00 price objective (down previously from $10.00) on shares of Lightspeed Commerce in a report on Monday, April 14th. Piper Sandler dropped their price objective on shares of Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. BMO Capital Markets reduced their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Barclays dropped 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 note on Friday, March 28th. Finally, Wells Fargo & Company cut their price target on Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lightspeed Commerce has a consensus rating of "Hold" and a consensus target price of $14.91.

Lightspeed Commerce Price Performance

Shares of LSPD stock traded up $0.14 during trading hours on Wednesday, reaching $9.30. The company had a trading volume of 1,138,586 shares, compared to its average volume of 970,071. 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 stock has a fifty day moving average of $10.68 and a 200-day moving average of $14.07. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -11.62, a PEG ratio of 3.03 and a beta of 2.52. Lightspeed Commerce has a 12-month low of $7.34 and a 12-month high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings data 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, equities analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LSPD. Blue Trust Inc. grew its holdings in Lightspeed Commerce by 214.4% in the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock valued at $25,000 after purchasing an additional 1,025 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased 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 acquiring an additional 2,168 shares during the last quarter. Bayesian Capital Management LP purchased a new position in Lightspeed Commerce in the fourth quarter valued at approximately $165,000. Susquehanna Fundamental Investments LLC purchased a new stake in Lightspeed Commerce during the 4th quarter worth $256,000. Finally, Twinbeech Capital LP acquired a new stake in shares of Lightspeed Commerce during the fourth quarter valued at about $261,000. Institutional investors and hedge funds 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.