Lightspeed Commerce (NYSE:LSPD) PT Lowered to $15.00

Lightspeed Commerce (NYSE:LSPD) had its target price dropped by stock analysts at National Bankshares from $20.00 to $15.00 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 15.96% from the company’s current price.

Several other brokerages also recently commented on LSPD. National Bank Financial downgraded shares of Lightspeed Commerce from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Thursday, February 8th. Wells Fargo & Company dropped their target price on shares of Lightspeed Commerce from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, February 9th. Barclays lowered their price objective on shares of Lightspeed Commerce from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. JPMorgan Chase & Co. lowered their price objective on shares of Lightspeed Commerce from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Finally, Scotiabank lowered their price objective on shares of Lightspeed Commerce from $22.00 to $20.00 and set a “sector outperform” rating on the stock in a report on Friday, February 9th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.74.

Lightspeed Commerce Stock Down 0.4 %

Lightspeed Commerce stock opened at $12.94 on Thursday. The company’s 50 day simple moving average is $13.67 and its 200 day simple moving average is $15.70. Lightspeed Commerce has a fifty-two week low of $12.23 and a fifty-two week high of $21.71. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -9.58 and a beta of 2.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.21 and a quick ratio of 6.09.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, February 8th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.12. The firm had revenue of $239.70 million for the quarter, compared to the consensus estimate of $236.31 million. Lightspeed Commerce had a negative net margin of 23.85% and a negative return on equity of 2.68%. As a group, sell-side analysts anticipate that Lightspeed Commerce will post -0.5 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Lightspeed Commerce in the first quarter valued at about $35,000. PNC Financial Services Group Inc. boosted its position in shares of Lightspeed Commerce by 112.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,299 shares of the company’s stock valued at $40,000 after acquiring an additional 688 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Lightspeed Commerce by 2,570.7% in the third quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company’s stock valued at $56,000 after acquiring an additional 3,856 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Lightspeed Commerce by 53.2% in the third quarter. Advisors Asset Management Inc. now owns 4,553 shares of the company’s stock valued at $64,000 after acquiring an additional 1,582 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Lightspeed Commerce by 24.1% in the second quarter. Captrust Financial Advisors now owns 2,975 shares of the company’s stock valued at $66,000 after acquiring an additional 577 shares during the period. 68.68% of the stock is owned by institutional investors.

About Lightspeed Commerce

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.