Barclays Lowers Lightspeed Commerce (NYSE:LSPD) Price Target to $12.00

Lightspeed Commerce (NYSE:LSPD) had its target price lowered by Barclays from $13.00 to $12.00 in a report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 30.08% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Royal Bank of Canada dropped their price objective on Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Atb Cap Markets lowered shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 26th. UBS Group reduced their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a research report on Friday, February 7th. BMO Capital Markets dropped their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, March 27th. Finally, Bank of America reduced their target price on Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.84.

Lightspeed Commerce Trading Down 0.6 %

Shares of LSPD stock traded down $0.06 during trading hours on Monday, hitting $9.23. 406,003 shares of the company were exchanged, compared to its average volume of 969,705. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The firm has a market cap of $1.41 billion, a P/E ratio of -11.53, a P/E/G ratio of 3.03 and a beta of 2.52. The company has a 50 day simple moving average of $10.68 and a two-hundred day simple moving average of $14.04. Lightspeed Commerce has a fifty-two week low of $7.34 and a fifty-two week high of $18.96.

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

Institutional Trading of Lightspeed Commerce

A number of institutional investors have recently added to or reduced their stakes in LSPD. Louisbourg Investments Inc. increased its position in shares of Lightspeed Commerce by 36.2% during the first quarter. Louisbourg Investments Inc. now owns 684,509 shares of the company’s stock valued at $5,995,000 after buying an additional 181,891 shares during the period. Addenda Capital Inc. lifted its stake in Lightspeed Commerce by 10.3% in the 1st quarter. Addenda Capital Inc. now owns 51,395 shares of the company’s stock worth $450,000 after purchasing an additional 4,786 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Lightspeed Commerce by 156.9% during the 4th quarter. Mackenzie Financial Corp now owns 360,221 shares of the company’s stock valued at $5,487,000 after purchasing an additional 220,000 shares in the last quarter. Toronto Dominion Bank boosted its stake in Lightspeed Commerce by 17.6% during the fourth quarter. Toronto Dominion Bank now owns 20,477 shares of the company’s stock valued at $312,000 after buying an additional 3,069 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Lightspeed Commerce by 6.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,854 shares of the company’s stock worth $1,871,000 after buying an additional 7,022 shares in the last quarter. Hedge funds and other 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.