Lightspeed Commerce (NYSE:LSPD) Shares Down 4% – What’s Next?

Lightspeed Commerce Inc. (NYSE:LSPD) shares dropped 4% during trading on Monday . The stock traded as low as $10.02 and last traded at $10.21. Approximately 208,174 shares traded hands during trading, a decline of 77% from the average daily volume of 908,893 shares. The stock had previously closed at $10.63.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LSPD. Piper Sandler reduced their target price on Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Scotiabank decreased their price objective on Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a report on Friday, February 7th. Wells Fargo & Company lowered their target price on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. UBS Group decreased their price target 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. Finally, Barclays dropped their price objective on shares of Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lightspeed Commerce currently has an average rating of “Moderate Buy” and a consensus target price of $18.39.

Lightspeed Commerce Trading Down 2.2 %

The stock has a market capitalization of $1.59 billion, a P/E ratio of -13.00, a PEG ratio of 3.03 and a beta of 2.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The stock’s fifty day moving average price is $13.02 and its 200 day moving average price is $14.83.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly 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%. Research analysts forecast that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp raised its holdings in shares of Lightspeed Commerce by 156.9% in the fourth quarter. Mackenzie Financial Corp now owns 360,221 shares of the company’s stock valued at $5,487,000 after acquiring an additional 220,000 shares in the last quarter. Toronto Dominion Bank increased its position in Lightspeed Commerce by 17.6% during the 4th quarter. Toronto Dominion Bank now owns 20,477 shares of the company’s stock valued at $312,000 after purchasing an additional 3,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Lightspeed Commerce by 6.1% in the 4th 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 purchasing an additional 7,022 shares in the last quarter. Twinbeech Capital LP purchased a new stake in shares of Lightspeed Commerce in the 4th quarter worth approximately $261,000. Finally, Two Sigma Advisers LP boosted its stake in shares of Lightspeed Commerce by 165.6% during the fourth 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 in the last quarter. Institutional investors 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.