Lightspeed Commerce (NYSE:LSPD) Given New $10.00 Price Target at JPMorgan Chase & Co.

Lightspeed Commerce (NYSE:LSPD) had its price target dropped by analysts at JPMorgan Chase & Co. from $13.00 to $10.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 12.17% from the stock’s previous close.

LSPD has been the topic of a number of other research reports. Morgan Stanley dropped their price objective on Lightspeed Commerce from $17.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Wells Fargo & Company reduced their price objective on shares of Lightspeed Commerce from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. Stifel Nicolaus cut their price target on shares of Lightspeed Commerce from $15.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, March 28th. Barclays decreased their price objective on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. Finally, Benchmark cut their target price on Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.09.

Lightspeed Commerce Stock Performance

Shares of LSPD stock opened at $8.92 on Monday. Lightspeed Commerce has a 52 week low of $8.54 and a 52 week high of $18.96. The firm has a 50 day moving average of $12.28 and a two-hundred day moving average of $14.69. 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 stock has a market capitalization of $1.36 billion, a PE ratio of -11.14, a P/E/G ratio of 3.03 and a beta of 2.44.

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

Institutional Investors Weigh In On Lightspeed Commerce

Several institutional investors and hedge funds have recently made changes to their positions in LSPD. CIBC Asset Management Inc grew its position in shares of Lightspeed Commerce by 0.4% in the fourth quarter. CIBC Asset Management Inc now owns 172,182 shares of the company’s stock valued at $2,620,000 after purchasing an additional 679 shares during the last quarter. Addenda Capital Inc. raised its holdings in shares of Lightspeed Commerce by 2.0% in the fourth quarter. Addenda Capital Inc. now owns 46,609 shares of the company’s stock worth $710,000 after acquiring an additional 931 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Lightspeed Commerce by 214.4% in the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after acquiring an additional 1,025 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Lightspeed Commerce by 5.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company’s stock valued at $370,000 after acquiring an additional 1,276 shares in the last quarter. Finally, Scotia Capital Inc. increased its position in Lightspeed Commerce by 12.0% during the 4th quarter. Scotia Capital Inc. now owns 19,225 shares of the company’s stock worth $293,000 after purchasing an additional 2,053 shares in the last quarter. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

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.