Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $13.00 by Analysts at Piper Sandler

Lightspeed Commerce (NYSE:LSPD) had its target price decreased by Piper Sandler from $17.00 to $13.00 in a research note released on Thursday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

A number of other research analysts also recently issued reports on LSPD. Barclays downgraded Lightspeed Commerce from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $20.00 to $18.00 in a report on Friday, January 10th. TD Securities lifted their price target on Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a report on Friday, November 8th. Wells Fargo & Company cut their price target on Lightspeed Commerce from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Benchmark lifted their price target on Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. boosted their target price on Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.21.

Lightspeed Commerce Trading Down 13.5 %

LSPD opened at $12.55 on Thursday. The stock’s fifty day moving average is $15.53 and its two-hundred day moving average is $14.99. The company has a market capitalization of $1.91 billion, a P/E ratio of -14.10 and a beta of 2.43. Lightspeed Commerce has a 52 week low of $11.01 and a 52 week high of $20.09. The company has a quick ratio of 5.94, a current ratio of 6.08 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. Analysts forecast that Lightspeed Commerce will post -0.02 earnings per share for the current year.

Institutional Trading of Lightspeed Commerce

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings 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 buying an additional 1,025 shares in the last quarter. Aigen Investment Management LP purchased a new position in Lightspeed Commerce during the third quarter worth approximately $225,000. Toronto Dominion Bank grew its holdings in Lightspeed Commerce by 153.4% in the third quarter. Toronto Dominion Bank now owns 17,408 shares of the company’s stock valued at $287,000 after purchasing an additional 10,538 shares during the period. PNC Financial Services Group Inc. grew its holdings in Lightspeed Commerce by 5.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company’s stock valued at $370,000 after purchasing an additional 1,276 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Lightspeed Commerce in the third quarter valued at approximately $412,000. Institutional investors and hedge funds own 68.68% of the company’s stock.

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.