Barclays Cuts Lightspeed Commerce (NYSE:LSPD) Price Target to $13.00

Lightspeed Commerce (NYSE:LSPD) had its price objective decreased by Barclays from $15.00 to $13.00 in a research report sent to investors on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other analysts have also recently commented on the company. Atb Cap Markets cut Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 26th. BMO Capital Markets reduced their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday. Benchmark dropped their price target on shares of Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday. Scotiabank lowered 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 research note on Tuesday, March 25th. Finally, Piper Sandler dropped their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday. Eleven 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.09.

Lightspeed Commerce Price Performance

NYSE LSPD opened at $9.08 on Friday. 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 firm has a market capitalization of $1.39 billion, a P/E ratio of -11.34, a PEG ratio of 3.03 and a beta of 2.44. The company has a 50-day moving average price of $12.52 and a 200-day moving average price of $14.74. Lightspeed Commerce has a 52 week low of $9.00 and a 52 week high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results 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 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 year.

Institutional Investors Weigh In On Lightspeed Commerce

Large investors have recently bought and sold shares of the business. State Street Corp grew its stake in shares of Lightspeed Commerce by 29.1% in the 3rd quarter. State Street Corp now owns 353,472 shares of the company’s stock worth $5,829,000 after buying an additional 79,696 shares in the last quarter. PCJ Investment Counsel Ltd. grew its position in Lightspeed Commerce by 33.8% in the fourth quarter. PCJ Investment Counsel Ltd. now owns 123,060 shares of the company’s stock worth $1,874,000 after acquiring an additional 31,060 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Lightspeed Commerce during the third quarter valued at approximately $499,000. NINE MASTS CAPITAL Ltd bought a new stake in shares of Lightspeed Commerce in the 4th quarter valued at approximately $579,000. Finally, PDT Partners LLC purchased a new position in shares of Lightspeed Commerce in the 3rd quarter worth approximately $659,000. 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.