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

Lightspeed Commerce (NYSE:LSPD) had its price target reduced by equities research analysts at Morgan Stanley from $17.00 to $14.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 54.95% from the company’s current price.

Other analysts also recently issued research reports about the stock. UBS Group decreased their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a report on Friday, February 7th. Royal Bank of Canada decreased their price target on shares of Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday. Benchmark dropped their price objective on Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday. Barclays decreased their target price on Lightspeed Commerce from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Atb Cap Markets cut Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Ten research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.37.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock traded down $0.34 during mid-day trading on Friday, hitting $9.04. 298,464 shares of the stock were exchanged, compared to its average volume of 927,119. The company has a market capitalization of $1.38 billion, a P/E ratio of -11.30, a P/E/G 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 company has a 50-day simple moving average of $12.63 and a 200 day simple moving average of $14.73. Lightspeed Commerce has a 12 month low of $9.02 and a 12 month high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last posted 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 positive return on equity of 0.61% and a negative net margin of 11.75%. Sell-side analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Lightspeed Commerce by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company’s stock worth $81,319,000 after acquiring an additional 70,324 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Lightspeed Commerce by 37,065.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock worth $63,688,000 after purchasing an additional 4,170,557 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Lightspeed Commerce by 0.8% during the fourth quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company’s stock worth $48,009,000 after purchasing an additional 24,891 shares in the last quarter. Bank of Montreal Can increased its position in shares of Lightspeed Commerce by 1.1% in the fourth quarter. Bank of Montreal Can now owns 2,022,590 shares of the company’s stock worth $30,803,000 after purchasing an additional 21,357 shares during the last quarter. Finally, Intact Investment Management Inc. raised its stake in Lightspeed Commerce by 94.5% in the fourth quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock valued at $26,031,000 after purchasing an additional 829,577 shares in the last quarter. 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.