Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $15.00 at Royal Bank of Canada

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its price objective lowered by research analysts at Royal Bank of Canada from $20.00 to $15.00 in a note issued to investors on Tuesday, MarketBeat.com reports. The firm presently has an "outperform" rating on the stock. Royal Bank of Canada's target price suggests a potential upside of 65.29% from the stock's previous close.

Several other research analysts have also issued reports on the stock. Scotiabank cut their target price on shares of Lightspeed Commerce from $19.00 to $17.00 and set a "sector outperform" rating for the company in a research report on Tuesday. Barclays reduced their price objective on Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Piper Sandler decreased their price objective on Lightspeed Commerce from $17.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Bank of America began coverage on Lightspeed Commerce in a research note on Wednesday, February 19th. They issued a "buy" rating and a $20.00 target price for the company. Finally, Wells Fargo & Company decreased their price target on shares of Lightspeed Commerce from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $16.09.

Lightspeed Commerce Price Performance

Shares of NYSE:LSPD traded down $0.30 on Tuesday, hitting $9.08. The company's stock had a trading volume of 878,050 shares, compared to its average volume of 929,753. The company has a market capitalization of $1.39 billion, a PE ratio of -11.34, a PEG ratio of 3.03 and a beta of 2.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The company has a 50-day simple moving average of $12.52 and a 200 day simple moving average of $14.71. Lightspeed Commerce has a 1 year low of $9.00 and a 1 year high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share 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%. Sell-side analysts forecast that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSPD. Blue Trust Inc. boosted 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 worth $25,000 after acquiring an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Lightspeed Commerce by 27.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock worth $158,000 after purchasing an additional 2,168 shares during the last quarter. Bayesian Capital Management LP bought a new position in Lightspeed Commerce in the 4th quarter worth about $165,000. Susquehanna Fundamental Investments LLC purchased a new stake in Lightspeed Commerce during the 4th quarter valued at about $256,000. Finally, Twinbeech Capital LP bought a new stake in Lightspeed Commerce during the 4th quarter valued at about $261,000. 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.