Royal Bank of Canada Lowers Lightspeed Commerce (NYSE:LSPD) Price Target to $15.00

Lightspeed Commerce (NYSE:LSPD) had its price target decreased by research analysts at Royal Bank of Canada from $20.00 to $15.00 in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 50.98% from the stock’s previous close.

Several other research firms have also recently weighed in on LSPD. Scotiabank lowered their price target on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Bank of America initiated coverage on Lightspeed Commerce in a research note on Wednesday, February 19th. They set a “buy” rating and a $20.00 price target for the company. UBS Group lowered their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company cut their target price on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Finally, Barclays decreased their price target on shares of Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.89.

Lightspeed Commerce Price Performance

Shares of NYSE:LSPD opened at $9.94 on Tuesday. 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 $1.52 billion, a price-to-earnings ratio of -12.42, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. The business has a 50-day simple moving average of $12.74 and a two-hundred day simple moving average of $14.77. Lightspeed Commerce has a fifty-two week low of $9.88 and a fifty-two week high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share 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%. On average, analysts expect that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Large investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its position in shares of Lightspeed Commerce by 214.4% during the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after acquiring an additional 1,025 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Lightspeed Commerce by 27.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company’s stock valued at $158,000 after purchasing an additional 2,168 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of Lightspeed Commerce during the 4th quarter valued at about $165,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Lightspeed Commerce during the fourth quarter valued at about $256,000. Finally, Twinbeech Capital LP bought a new stake in shares of Lightspeed Commerce in the fourth quarter worth about $261,000. 68.68% of the stock is currently owned by hedge funds and other 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.