Morgan Stanley Has Lowered Expectations for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its price objective decreased by Morgan Stanley from $17.00 to $14.00 in a research report report published on Friday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other equities analysts have also weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Friday. Scotiabank decreased their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating on the stock in a report on Tuesday, March 25th. Bank of America cut their target price on Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday. Benchmark decreased their price target on Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Royal Bank of Canada cut their price objective on Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Eleven equities research 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 company. Based on data from MarketBeat.com, Lightspeed Commerce has a consensus rating of “Hold” and a consensus price target of $16.09.

Lightspeed Commerce Price Performance

LSPD stock opened at $9.08 on Friday. Lightspeed Commerce has a 1 year low of $9.00 and a 1 year high of $18.96. The firm has a market capitalization 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. The business has a 50 day simple moving average of $12.52 and a 200-day simple moving average of $14.74.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Large investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its position in Lightspeed Commerce by 0.4% in the 4th quarter. CIBC Asset Management Inc now owns 172,182 shares of the company’s stock valued at $2,620,000 after purchasing an additional 679 shares in the last quarter. Addenda Capital Inc. increased its stake in shares of Lightspeed Commerce by 2.0% during the fourth quarter. Addenda Capital Inc. now owns 46,609 shares of the company’s stock worth $710,000 after buying an additional 931 shares during the period. Blue Trust Inc. raised its holdings in 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 in the last quarter. PNC Financial Services Group Inc. raised its holdings in 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 acquiring an additional 1,276 shares in the last quarter. Finally, Scotia Capital Inc. lifted its stake in Lightspeed Commerce by 12.0% in the fourth quarter. Scotia Capital Inc. now owns 19,225 shares of the company’s stock worth $293,000 after acquiring an additional 2,053 shares during the last quarter. 68.68% of the stock is owned by hedge funds and other institutional investors.

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.