Lightspeed Commerce (NYSE:LSPD) Given New $10.00 Price Target at Scotiabank

Lightspeed Commerce (NYSE:LSPD) had its price objective cut by Scotiabank from $11.00 to $10.00 in a report issued on Friday morning,Benzinga reports. They currently have a sector perform rating on the stock.

LSPD has been the subject of a number of other research reports. Morgan Stanley decreased their target price on Lightspeed Commerce from $14.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $9.00 target price (down previously from $10.00) on shares of Lightspeed Commerce in a report on Monday, April 14th. Stifel Nicolaus decreased their price target on Lightspeed Commerce from $15.00 to $12.00 and set a “hold” rating for the company in a report on Friday, March 28th. Benchmark decreased their price target on Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 27th. Finally, Bank of America decreased their price target on Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.23.

Lightspeed Commerce Price Performance

Shares of LSPD stock opened at $10.55 on Friday. Lightspeed Commerce has a fifty-two week low of $7.34 and a fifty-two week high of $18.96. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -13.19, a PEG ratio of 3.03 and a beta of 2.49. 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 50-day simple moving average is $9.67 and its 200-day simple moving average is $13.14.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings results on Thursday, May 22nd. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. The business had revenue of $253.42 million for the quarter, compared to analysts’ expectations of $252.51 million. During the same quarter in the previous year, the firm posted $0.06 EPS. Lightspeed Commerce’s revenue was up 10.1% on a year-over-year basis. As a group, equities analysts forecast that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Large investors have recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Lightspeed Commerce by 214.4% during the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after purchasing an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Lightspeed Commerce by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,197 shares of the company’s stock worth $98,000 after purchasing an additional 1,124 shares in the last quarter. Tempus Wealth Planning LLC purchased a new stake in Lightspeed Commerce in the 1st quarter valued at $119,000. BIT Capital GmbH purchased a new stake in Lightspeed Commerce in the 1st quarter valued at $150,000. Finally, Bayesian Capital Management LP purchased a new stake in Lightspeed Commerce in the 4th quarter valued at $165,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Lightspeed Commerce Company Profile

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.