Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $17.00 by Analysts at Scotiabank

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its price objective dropped by equities researchers at Scotiabank from $19.00 to $17.00 in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has a "sector outperform" rating on the stock. Scotiabank's price objective points to a potential upside of 87.33% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. Barclays cut their price target on shares of Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Piper Sandler dropped their target price on shares of Lightspeed Commerce from $17.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, February 6th. UBS Group decreased their price target on shares of Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a research note on Friday, February 7th. 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 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on Lightspeed Commerce from $16.00 to $13.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Lightspeed Commerce has a consensus rating of "Hold" and an average target price of $16.09.

Lightspeed Commerce Stock Down 3.1 %

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

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LSPD. Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 1,025 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in 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 in the last quarter. Bayesian Capital Management LP bought a new position in Lightspeed Commerce in the 4th quarter valued at $165,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Lightspeed Commerce during the 4th quarter valued at $256,000. Finally, Twinbeech Capital LP bought a new position in shares of Lightspeed Commerce in the fourth quarter worth $261,000. Hedge funds and other 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.