Truist Financial Lowers Lightspeed Commerce (NYSE:LSPD) Price Target to $11.00

Lightspeed Commerce (NYSE:LSPD) had its target price decreased by research analysts at Truist Financial from $13.00 to $11.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price indicates a potential upside of 25.21% from the company’s previous close.

A number of other brokerages have also recently commented on LSPD. BTIG Research dropped their target price on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Royal Bank Of Canada lowered their price target on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Zacks Research cut shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. National Bank Financial lowered their target price on shares of Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating for the company in a report on Thursday, October 23rd. Finally, TD Securities raised Lightspeed Commerce to a “hold” rating in a research report on Thursday, January 15th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.33.

Lightspeed Commerce Trading Down 1.4%

Shares of LSPD stock opened at $8.79 on Wednesday. The business has a 50-day moving average price of $11.42 and a two-hundred day moving average price of $11.80. Lightspeed Commerce has a 12-month low of $7.34 and a 12-month high of $14.34. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.19 billion, a P/E ratio of -1.90, a price-to-earnings-growth ratio of 10.49 and a beta of 2.07.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $312.35 million during the quarter, compared to the consensus estimate of $311.28 million. Lightspeed Commerce had a negative net margin of 58.15% and a positive return on equity of 0.37%. Lightspeed Commerce’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. Equities analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Several institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in shares of Lightspeed Commerce by 2.9% in the second quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock worth $346,000 after purchasing an additional 835 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Lightspeed Commerce by 4.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,118 shares of the company’s stock valued at $303,000 after buying an additional 1,148 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Lightspeed Commerce by 15.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,902 shares of the company’s stock worth $198,000 after buying an additional 2,314 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in Lightspeed Commerce by 8.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 43,231 shares of the company’s stock worth $502,000 after buying an additional 3,401 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Lightspeed Commerce by 1.6% during the 4th quarter. Swiss National Bank now owns 246,200 shares of the company’s stock valued at $2,977,000 after acquiring an additional 3,900 shares during the period. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.