Barclays Has Lowered Expectations for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its target price dropped by research analysts at Barclays from $18.00 to $15.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 14.15% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Piper Sandler dropped their price target on Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday. Wells Fargo & Company dropped their price target on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday. Scotiabank dropped their target price on Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a research report on Friday. UBS Group dropped their target price on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research report on Friday. Finally, TD Securities upped their target price on Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.39.

Lightspeed Commerce Stock Up 4.3 %

Shares of LSPD stock traded up $0.54 on Friday, hitting $13.14. The stock had a trading volume of 1,817,749 shares, compared to its average volume of 634,253. The company has a quick ratio of 5.94, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $15.53 and a 200 day moving average price of $14.99. The company has a market cap of $2.00 billion, a PE ratio of -14.77 and a beta of 2.43. Lightspeed Commerce has a one year low of $11.01 and a one year 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 13.56% and a negative return on equity of 0.10%. Research analysts anticipate that Lightspeed Commerce will post -0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP grew its stake in shares of Lightspeed Commerce by 30.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock valued at $54,838,000 after purchasing an additional 766,688 shares during the last quarter. Azora Capital LP raised its holdings in shares of Lightspeed Commerce by 3.4% in the third quarter. Azora Capital LP now owns 1,439,331 shares of the company’s stock worth $23,735,000 after acquiring an additional 47,359 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Lightspeed Commerce by 1.4% in the third quarter. National Bank of Canada FI now owns 1,161,144 shares of the company’s stock worth $19,146,000 after acquiring an additional 16,267 shares during the last quarter. Intact Investment Management Inc. grew its position in shares of Lightspeed Commerce by 10,117.5% in the third quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock valued at $14,473,000 after purchasing an additional 869,090 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Lightspeed Commerce by 226.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,500 shares of the company’s stock valued at $6,108,000 after purchasing an additional 256,900 shares during the period. Hedge funds and other institutional investors own 68.68% of the company’s stock.

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.