Lightspeed POS (NASDAQ:LSPD) PT Lowered to $42.00

Lightspeed POS (NASDAQ:LSPDGet Rating) had its price objective decreased by stock analysts at Barclays from $50.00 to $42.00 in a research note issued on Tuesday, The Fly reports. Barclays‘s target price suggests a potential upside of 68.81% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on LSPD. BTIG Research cut their price objective on Lightspeed POS from $112.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, January 26th. Piper Sandler cut their price objective on Lightspeed POS from $70.00 to $54.00 and set an “overweight” rating for the company in a report on Friday, February 4th. KeyCorp cut their price objective on Lightspeed POS from $100.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, January 25th. Raymond James cut their price objective on Lightspeed POS from C$110.00 to C$68.00 in a report on Thursday, February 3rd. Finally, Truist Financial cut their price objective on Lightspeed POS from $75.00 to $60.00 in a report on Friday, February 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $71.24.

Lightspeed POS stock opened at $24.88 on Tuesday. Lightspeed POS has a 52 week low of $19.48 and a 52 week high of $130.02. The business has a 50-day simple moving average of $27.19 and a 200 day simple moving average of $46.72. The company has a quick ratio of 7.23, a current ratio of 7.26 and a debt-to-equity ratio of 0.02. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of -15.65 and a beta of 3.87.

Lightspeed POS (NASDAQ:LSPDGet Rating) last posted its earnings results on Wednesday, February 2nd. The company reported ($0.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. Lightspeed POS had a negative return on equity of 3.59% and a negative net margin of 44.60%. The business had revenue of $152.68 million during the quarter, compared to analysts’ expectations of $142.91 million. During the same period in the previous year, the business earned ($0.06) earnings per share. The firm’s revenue was up 165.0% on a year-over-year basis. On average, research analysts anticipate that Lightspeed POS will post -0.92 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Evolution Wealth Advisors LLC bought a new position in Lightspeed POS during the 3rd quarter valued at approximately $25,000. Liberty Wealth Management LLC bought a new position in Lightspeed POS during the 3rd quarter valued at approximately $29,000. Gulf International Bank UK Ltd bought a new position in Lightspeed POS during the 4th quarter valued at approximately $31,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Lightspeed POS during the 4th quarter valued at approximately $35,000. Finally, Winch Advisory Services LLC bought a new position in Lightspeed POS during the 3rd quarter valued at approximately $41,000. 64.86% of the stock is owned by institutional investors and hedge funds.

About Lightspeed POS (Get Rating)

Lightspeed POS Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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Analyst Recommendations for Lightspeed POS (NASDAQ:LSPD)

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