Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its price target cut by analysts at Wells Fargo & Company from $13.00 to $11.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 30.18% from the stock's current price.
Other equities research analysts have also issued reports about the stock. Bank of America lowered their price target on shares of Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating for the company in a report on Thursday, March 27th. UBS Group cut their price target on Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating on the stock in a research note on Friday, February 7th. Royal Bank of Canada dropped their target price on Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. Benchmark reduced their target price on shares of Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Finally, Piper Sandler decreased their target price on Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $15.09.
Check Out Our Latest Stock Report on LSPD
Lightspeed Commerce Stock Down 6.6 %
Shares of LSPD traded down $0.60 during trading hours on Friday, hitting $8.45. The stock had a trading volume of 501,474 shares, compared to its average volume of 935,932. The firm has a 50 day simple moving average of $12.17 and a 200-day simple moving average of $14.65. Lightspeed Commerce has a 1-year low of $8.42 and a 1-year high of $18.96. The firm has a market capitalization of $1.29 billion, a P/E ratio of -10.56, a price-to-earnings-growth 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.
Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate 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 predict that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.
Institutional Trading of Lightspeed Commerce
Institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc raised its position in shares of Lightspeed Commerce by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 172,182 shares of the company's stock worth $2,620,000 after purchasing an additional 679 shares during the last quarter. Addenda Capital Inc. raised its position in shares of Lightspeed Commerce by 2.0% in the fourth quarter. Addenda Capital Inc. now owns 46,609 shares of the company's stock valued at $710,000 after buying an additional 931 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock worth $25,000 after purchasing an additional 1,025 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Lightspeed Commerce by 5.5% in the fourth 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 in the last quarter. Finally, Scotia Capital Inc. lifted its position in Lightspeed Commerce by 12.0% during the fourth quarter. Scotia Capital Inc. now owns 19,225 shares of the company's stock worth $293,000 after buying an additional 2,053 shares in the last quarter. 68.68% of the stock is currently owned by hedge funds and other institutional investors.
About Lightspeed Commerce
(
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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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