Lightspeed Commerce (NYSE:LSPD) Given New $12.00 Price Target at Barclays

Lightspeed Commerce (NYSE:LSPD) had its price target reduced by Barclays from $13.00 to $12.00 in a report issued on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages also recently weighed in on LSPD. Piper Sandler decreased their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Wells Fargo & Company dropped their target price on Lightspeed Commerce from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. Scotiabank lowered their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating for the company in a research note on Tuesday, March 25th. Stifel Nicolaus cut their target price on Lightspeed Commerce from $15.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, March 28th. Finally, Royal Bank of Canada decreased their price target on shares of Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Lightspeed Commerce presently has a consensus rating of “Hold” and a consensus target price of $14.84.

Lightspeed Commerce Stock Performance

NYSE:LSPD opened at $9.23 on Monday. The company has a market cap of $1.41 billion, a P/E ratio of -11.54, a P/E/G ratio of 3.03 and a beta of 2.52. The firm’s 50 day moving average is $10.60 and its two-hundred day moving average is $13.99. Lightspeed Commerce has a fifty-two week low of $7.34 and a fifty-two week high of $18.96. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. Analysts expect that Lightspeed Commerce will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Several institutional investors have recently modified their holdings of LSPD. Blue Trust Inc. grew its position in Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after purchasing an additional 1,025 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Lightspeed Commerce by 27.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company’s stock valued at $158,000 after acquiring an additional 2,168 shares during the period. Bayesian Capital Management LP bought a new stake in Lightspeed Commerce during the 4th quarter valued at $165,000. Susquehanna Fundamental Investments LLC acquired a new position in Lightspeed Commerce during the 4th quarter worth $256,000. Finally, Twinbeech Capital LP acquired a new position in shares of Lightspeed Commerce during the fourth quarter valued at $261,000. Institutional investors own 68.68% of the company’s stock.

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.