Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $16.00 by Analysts at Benchmark

Lightspeed Commerce (NYSE:LSPD) had its target price decreased by Benchmark from $21.00 to $16.00 in a report issued on Thursday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

Several other research firms also recently issued reports on LSPD. Scotiabank reduced their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Piper Sandler decreased their price target on Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday. Wells Fargo & Company lowered their price objective on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Royal Bank of Canada cut their target price on shares of Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, UBS Group dropped their price target on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a research note on Friday, February 7th. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.82.

Lightspeed Commerce Price Performance

Shares of LSPD stock opened at $9.37 on Thursday. Lightspeed Commerce has a 52 week low of $9.25 and a 52 week high of $18.96. The stock has a market capitalization of $1.43 billion, a PE ratio of -11.71, a PEG ratio of 3.03 and a beta of 2.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The stock’s fifty day moving average is $12.63 and its 200-day moving average is $14.73.

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

Institutional Trading of Lightspeed Commerce

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. boosted its holdings 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 buying an additional 1,025 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Lightspeed Commerce by 27.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company’s stock valued at $158,000 after acquiring an additional 2,168 shares in the last quarter. Bayesian Capital Management LP acquired a new position in Lightspeed Commerce in the 4th quarter worth $165,000. Susquehanna Fundamental Investments LLC bought a new position in Lightspeed Commerce during the 4th quarter worth about $256,000. Finally, Twinbeech Capital LP acquired a new stake in shares of Lightspeed Commerce in the 4th quarter valued at about $261,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

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.