Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $14.00 by Analysts at BMO Capital Markets

Lightspeed Commerce (NYSE:LSPD) had its target price decreased by BMO Capital Markets from $15.00 to $14.00 in a research note issued to investors on Thursday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other research firms have also weighed in on LSPD. Piper Sandler reduced their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday. Wells Fargo & Company reduced their price objective on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Scotiabank dropped their target price on shares of 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 price target on shares of Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.09.

Lightspeed Commerce Stock Performance

Lightspeed Commerce stock opened at $9.08 on Thursday. The stock has a market cap of $1.39 billion, a PE ratio of -11.34, a P/E/G ratio of 3.03 and a beta of 2.44. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $12.52 and its two-hundred day moving average price is $14.72. Lightspeed Commerce has a 12-month low of $9.00 and a 12-month high of $18.96.

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

Institutional Investors Weigh In On Lightspeed Commerce

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in Lightspeed Commerce by 214.4% during the 4th 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 Lightspeed Commerce by 27.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company’s stock worth $158,000 after purchasing an additional 2,168 shares during the last quarter. Bayesian Capital Management LP bought a new stake in Lightspeed Commerce in the 4th quarter worth about $165,000. Susquehanna Fundamental Investments LLC purchased a new stake in Lightspeed Commerce in the 4th quarter valued at about $256,000. Finally, Twinbeech Capital LP bought a new position in shares of Lightspeed Commerce during the 4th quarter worth approximately $261,000. 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.