Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $14.50 at UBS Group

Lightspeed Commerce (NYSE:LSPD - Free Report) had its price target lowered by UBS Group from $17.00 to $14.50 in a report published on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Company decreased their price target on Lightspeed Commerce from $16.00 to $13.00 and set an "equal weight" rating for the company in a research note on Friday. TD Securities boosted their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a "hold" rating in a report on Friday, November 8th. Royal Bank of Canada raised Lightspeed Commerce from a "strong sell" rating to a "moderate buy" rating in a research note on Friday, November 8th. Barclays downgraded Lightspeed Commerce from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $20.00 to $18.00 in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $18.39.

Lightspeed Commerce Price Performance

LSPD traded up $0.03 on Friday, reaching $13.34. The stock had a trading volume of 745,309 shares, compared to its average volume of 647,636. The firm has a 50-day moving average of $15.34 and a 200-day moving average of $15.01. Lightspeed Commerce has a fifty-two week low of $11.01 and a fifty-two week high of $18.96. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -16.67 and a beta of 2.42. The company has a current ratio of 6.08, a quick ratio of 5.94 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted 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 positive return on equity of 0.60% and a negative net margin of 11.75%. As a group, sell-side analysts anticipate that Lightspeed Commerce will post -0.02 EPS for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Several institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock valued at $25,000 after buying an additional 1,025 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Lightspeed Commerce during the third quarter valued at approximately $225,000. Toronto Dominion Bank lifted its holdings in Lightspeed Commerce by 153.4% during the third quarter. Toronto Dominion Bank now owns 17,408 shares of the company's stock worth $287,000 after acquiring an additional 10,538 shares during the period. Amundi boosted its position in Lightspeed Commerce by 20.5% in the fourth quarter. Amundi now owns 22,538 shares of the company's stock worth $347,000 after purchasing an additional 3,838 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Lightspeed Commerce by 5.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company's stock valued at $370,000 after purchasing an additional 1,276 shares during the period. 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.