UBS Group Cuts Lightspeed Commerce (NYSE:LSPD) Price Target to $14.50

Lightspeed Commerce (NYSE:LSPD) had its target price decreased by research analysts at UBS Group from $17.00 to $14.50 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 13.01% from the company’s current price.

Several other research analysts have also recently commented on LSPD. Benchmark increased their target price on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, November 8th. TD Securities increased their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Royal Bank of Canada raised shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on shares of Lightspeed Commerce from $20.00 to $26.00 in a report on Friday, November 8th. Finally, Wells Fargo & Company dropped their price objective 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. 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 company’s stock. Based on data from MarketBeat.com, Lightspeed Commerce presently has an average rating of “Hold” and an average target price of $18.75.

Lightspeed Commerce Stock Performance

LSPD traded up $0.23 on Friday, reaching $12.83. 461,444 shares of the stock were exchanged, compared to its average volume of 577,668. The company’s 50-day moving average price is $15.53 and its 200 day moving average price is $14.99. Lightspeed Commerce has a fifty-two week low of $11.01 and a fifty-two week high of $18.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. The firm has a market capitalization of $1.95 billion, a PE ratio of -14.42 and a beta of 2.43.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data 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 13.56% and a negative return on equity of 0.10%. As a group, sell-side analysts forecast that Lightspeed Commerce will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Intact Investment Management Inc. boosted its holdings in shares of Lightspeed Commerce by 10,117.5% during the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock worth $14,473,000 after buying an additional 869,090 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of Lightspeed Commerce by 30.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock worth $54,838,000 after buying an additional 766,688 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Lightspeed Commerce by 226.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,500 shares of the company’s stock worth $6,108,000 after buying an additional 256,900 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Lightspeed Commerce during the 3rd quarter worth about $3,500,000. Finally, LMR Partners LLP bought a new stake in Lightspeed Commerce in the 3rd quarter valued at about $2,441,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

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.