Piper Sandler Issues Pessimistic Forecast for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its price target cut by Piper Sandler from $13.00 to $11.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

LSPD has been the subject of a number of other reports. Barclays reduced their price target on shares of Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company decreased their target price on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. UBS Group dropped their price target on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a research report on Friday, February 7th. Royal Bank of Canada decreased their price objective on shares of Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Finally, Bank of America started coverage on shares of Lightspeed Commerce in a research note on Wednesday, February 19th. They issued a “buy” rating and a $20.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $16.09.

Lightspeed Commerce Stock Down 3.1 %

Lightspeed Commerce stock opened at $9.08 on Thursday. The stock’s 50 day moving average price is $12.52 and its 200 day moving average price is $14.72. Lightspeed Commerce has a 1-year low of $9.00 and a 1-year high of $18.96. The company has a market cap of $1.39 billion, a PE ratio of -11.34, 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) last issued its earnings results on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. On average, sell-side analysts predict that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Trading of Lightspeed Commerce

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Lightspeed Commerce by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company’s stock worth $81,319,000 after acquiring an additional 70,324 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Lightspeed Commerce by 37,065.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock valued at $63,688,000 after buying an additional 4,170,557 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in Lightspeed Commerce by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company’s stock valued at $48,009,000 after buying an additional 24,891 shares during the last quarter. Bank of Montreal Can raised its stake in Lightspeed Commerce by 1.1% during the fourth quarter. Bank of Montreal Can now owns 2,022,590 shares of the company’s stock valued at $30,803,000 after buying an additional 21,357 shares in the last quarter. Finally, Intact Investment Management Inc. lifted its holdings in Lightspeed Commerce by 94.5% during the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock worth $26,031,000 after buying an additional 829,577 shares during the last quarter. 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.