Lightspeed Commerce (NYSE:LSPD) PT Lowered to $15.00

Lightspeed Commerce (NYSE:LSPD) had its price target decreased by National Bankshares from $20.00 to $15.00 in a research note published on Thursday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Barclays cut their target price on Lightspeed Commerce from $23.00 to $20.00 and set an overweight rating on the stock in a report on Friday, February 9th. TD Securities cut Lightspeed Commerce from a buy rating to a hold rating and cut their target price for the stock from $25.00 to $17.50 in a report on Friday, February 9th. Wells Fargo & Company cut their target price on Lightspeed Commerce from $20.00 to $17.00 and set an equal weight rating on the stock in a report on Friday, February 9th. BMO Capital Markets cut their target price on Lightspeed Commerce from $21.00 to $19.00 and set an outperform rating on the stock in a report on Friday, February 9th. Finally, Scotiabank dropped their price objective on Lightspeed Commerce from $22.00 to $20.00 and set a sector outperform rating on the stock in a research note on Friday, February 9th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $18.74.

Lightspeed Commerce Trading Down 0.8 %

Shares of LSPD stock opened at $13.00 on Thursday. Lightspeed Commerce has a 52 week low of $12.23 and a 52 week high of $21.71. The company has a quick ratio of 6.09, a current ratio of 6.21 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $13.69 and a 200-day moving average of $15.71.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, February 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. Lightspeed Commerce had a negative return on equity of 2.68% and a negative net margin of 23.85%. The company had revenue of $239.70 million for the quarter, compared to analysts’ expectations of $236.31 million. Sell-side analysts predict that Lightspeed Commerce will post -0.5 earnings per share for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

A number of hedge funds have recently made changes to their positions in the business. Artisan Partners Limited Partnership raised its stake in shares of Lightspeed Commerce by 13.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 5,297,686 shares of the company’s stock worth $111,232,000 after purchasing an additional 627,796 shares during the period. Vanguard Group Inc. raised its stake in shares of Lightspeed Commerce by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 5,037,088 shares of the company’s stock worth $105,728,000 after purchasing an additional 98,587 shares during the period. Royal Bank of Canada raised its stake in shares of Lightspeed Commerce by 249.8% during the 1st quarter. Royal Bank of Canada now owns 3,280,715 shares of the company’s stock worth $99,964,000 after purchasing an additional 2,342,867 shares during the period. Nuveen Asset Management LLC bought a new stake in shares of Lightspeed Commerce during the 4th quarter worth $65,494,000. Finally, Wellington Management Group LLP raised its stake in shares of Lightspeed Commerce by 19.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,674,070 shares of the company’s stock worth $37,517,000 after purchasing an additional 427,320 shares during the period. 68.68% of the stock is currently owned by 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.