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

Lightspeed Commerce (NYSE:LSPD) had its price target trimmed by Stifel Nicolaus from $15.00 to $12.00 in a research report report published on Friday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

LSPD has been the subject of a number of other reports. Royal Bank of Canada decreased their price objective on shares of Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Scotiabank reduced their price target on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating for the company in a report on Tuesday, March 25th. UBS Group dropped their price objective on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a report on Friday, February 7th. Piper Sandler reduced their target price on Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Benchmark dropped their price target on shares of Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lightspeed Commerce presently has an average rating of “Hold” and an average price target of $16.09.

Lightspeed Commerce Stock Performance

Lightspeed Commerce stock opened at $9.08 on Friday. The firm has a market capitalization of $1.39 billion, a PE ratio of -11.34, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. Lightspeed Commerce has a one year low of $9.00 and a one year high of $18.96. The stock’s 50 day moving average price is $12.52 and its 200 day moving average price is $14.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, sell-side analysts expect 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 bought and sold shares of the business. Blue Trust Inc. boosted its stake in 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 during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of 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 worth $158,000 after purchasing an additional 2,168 shares during the last quarter. Bayesian Capital Management LP acquired a new position in Lightspeed Commerce during the 4th quarter valued at approximately $165,000. Susquehanna Fundamental Investments LLC bought a new position in Lightspeed Commerce during the 4th quarter worth $256,000. Finally, Twinbeech Capital LP acquired a new stake in Lightspeed Commerce in the fourth quarter worth $261,000. Institutional investors and hedge funds 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.