Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $16.00 at Benchmark

Lightspeed Commerce (NYSE:LSPD) had its price target dropped by investment analysts at Benchmark from $21.00 to $16.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price objective would suggest a potential upside of 68.87% from the company’s previous close.

LSPD has been the subject of a number of other reports. Wells Fargo & Company decreased their price target on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Royal Bank of Canada lowered their target price on Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday. UBS Group cut their price target on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a report on Friday, February 7th. Scotiabank lowered 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. Finally, Piper Sandler dropped their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.39.

Lightspeed Commerce Stock Performance

Lightspeed Commerce stock opened at $9.48 on Thursday. The firm’s 50 day simple moving average is $12.74 and its 200-day simple moving average is $14.77. The company has a market cap of $1.45 billion, a P/E ratio of -11.84, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. Lightspeed Commerce has a fifty-two week low of $9.42 and a fifty-two week high of $18.96. 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 released its earnings results 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 negative net margin of 11.75% and a positive return on equity of 0.61%. As a group, equities research analysts predict that Lightspeed Commerce will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSPD. Mackenzie Financial Corp grew its stake in shares of Lightspeed Commerce by 156.9% during the fourth quarter. Mackenzie Financial Corp now owns 360,221 shares of the company’s stock valued at $5,487,000 after purchasing an additional 220,000 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Lightspeed Commerce by 17.6% in the 4th quarter. Toronto Dominion Bank now owns 20,477 shares of the company’s stock valued at $312,000 after buying an additional 3,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Lightspeed Commerce by 6.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,854 shares of the company’s stock valued at $1,871,000 after acquiring an additional 7,022 shares during the last quarter. Twinbeech Capital LP bought a new stake in Lightspeed Commerce during the 4th quarter worth about $261,000. Finally, Two Sigma Advisers LP boosted its stake in shares of Lightspeed Commerce by 165.6% in the 4th quarter. Two Sigma Advisers LP now owns 64,800 shares of the company’s stock valued at $987,000 after purchasing an additional 40,400 shares during the last quarter. 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.