Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $12.00 by Analysts at Barclays

Lightspeed Commerce (NYSE:LSPD) had its target price lowered by equities researchers at Barclays from $13.00 to $12.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 30.08% from the stock’s current price.

LSPD has been the topic of several other reports. Atb Cap Markets lowered Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 26th. UBS Group reduced their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Morgan Stanley cut their price target on shares of Lightspeed Commerce from $14.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Scotiabank decreased their price objective on shares of Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, March 25th. Finally, BMO Capital Markets lowered their price objective on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lightspeed Commerce has a consensus rating of “Hold” and an average price target of $14.84.

Lightspeed Commerce Stock Performance

Lightspeed Commerce stock traded down $0.06 during midday trading on Monday, hitting $9.23. The company’s stock had a trading volume of 406,003 shares, compared to its average volume of 969,705. The company has a 50-day moving average price of $10.68 and a two-hundred day moving average price of $14.04. Lightspeed Commerce has a 1-year low of $7.34 and a 1-year high of $18.96. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -11.53, a PEG ratio of 3.03 and a beta of 2.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 predict that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Trading of Lightspeed Commerce

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp grew its holdings in Lightspeed Commerce by 29.1% during the 3rd quarter. State Street Corp now owns 353,472 shares of the company’s stock worth $5,829,000 after acquiring an additional 79,696 shares during the last quarter. Barclays PLC grew its stake in shares of Lightspeed Commerce by 8,355.1% in the third quarter. Barclays PLC now owns 29,170 shares of the company’s stock worth $481,000 after purchasing an additional 28,825 shares during the last quarter. Geode Capital Management LLC increased its holdings in Lightspeed Commerce by 7.7% in the third quarter. Geode Capital Management LLC now owns 64,920 shares of the company’s stock valued at $1,075,000 after purchasing an additional 4,629 shares during the period. Harbor Capital Advisors Inc. raised its position in Lightspeed Commerce by 1.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 229,612 shares of the company’s stock worth $3,497,000 after purchasing an additional 2,231 shares during the last quarter. Finally, Addenda Capital Inc. raised its position in Lightspeed Commerce by 2.0% during the 4th quarter. Addenda Capital Inc. now owns 46,609 shares of the company’s stock worth $710,000 after purchasing an additional 931 shares during the last quarter. 68.68% of the stock is currently owned by institutional investors.

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.