Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $12.00 by Analysts at Morgan Stanley

Lightspeed Commerce (NYSE:LSPD) had its target price lowered by Morgan Stanley from $14.00 to $12.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts have also weighed in on the stock. Scotiabank lowered their price objective on shares of Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, March 25th. Bank of America lowered their target price on shares of Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Wells Fargo & Company cut their price target on shares of Lightspeed Commerce from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Friday, March 28th. BMO Capital Markets lowered their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $9.00 target price (down from $10.00) on shares of Lightspeed Commerce in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.91.

Lightspeed Commerce Trading Up 1.5 %

NYSE LSPD opened at $9.30 on Wednesday. Lightspeed Commerce has a one year low of $7.34 and a one year high of $18.96. The firm has a market cap of $1.42 billion, a PE ratio of -11.62, a P/E/G ratio of 3.03 and a beta of 2.52. The firm’s fifty day moving average is $10.68 and its two-hundred day moving average is $14.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data 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 negative net margin of 11.75% and a positive return on equity of 0.61%. Analysts expect that Lightspeed Commerce will post 0.08 earnings per share 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 business. Vanguard Group Inc. grew its position in shares of Lightspeed Commerce by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company’s stock valued at $81,319,000 after purchasing an additional 70,324 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Lightspeed Commerce by 37,065.0% during the 4th 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 position in Lightspeed Commerce by 0.8% during the fourth quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company’s stock worth $48,009,000 after buying an additional 24,891 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Lightspeed Commerce by 1.1% in the fourth quarter. Bank of Montreal Can now owns 2,022,590 shares of the company’s stock worth $30,803,000 after acquiring an additional 21,357 shares during the last quarter. Finally, Intact Investment Management Inc. lifted its position in shares of Lightspeed Commerce by 94.5% in the fourth quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock valued at $26,031,000 after acquiring an additional 829,577 shares in the last quarter. Institutional investors and hedge funds 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.