Lightspeed Commerce (NYSE:LSPD) Given New $11.00 Price Target at Barclays

Lightspeed Commerce (NYSE:LSPD) had its price objective cut by Barclays from $12.00 to $11.00 in a research note published on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts also recently issued reports on LSPD. TD Securities upgraded Lightspeed Commerce to a “hold” rating in a report on Thursday, January 15th. Truist Financial decreased their price objective on Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, February 11th. BTIG Research lowered their price target on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating on the stock in a research note 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 on the stock in a research note on Friday, February 6th. Finally, Zacks Research lowered shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.40.

Lightspeed Commerce Stock Down 0.7%

NYSE:LSPD opened at $9.81 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.44 and a current ratio of 4.52. The company has a market cap of $1.35 billion, a PE ratio of -2.12, a PEG ratio of 1.89 and a beta of 2.05. Lightspeed Commerce has a 52-week low of $8.36 and a 52-week high of $14.34. The stock has a 50-day simple moving average of $9.09 and a 200 day simple moving average of $10.74.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data 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 business had revenue of $312.35 million during the quarter, compared to the consensus estimate of $311.28 million. Lightspeed Commerce had a positive return on equity of 0.37% and a negative net margin of 58.15%.Lightspeed Commerce’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company earned $0.12 earnings per share. On average, sell-side analysts expect that Lightspeed Commerce will post 0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSPD. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Lightspeed Commerce by 28.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,752,669 shares of the company’s stock worth $31,778,000 after purchasing an additional 613,369 shares during the last quarter. Aviso Financial Inc. acquired a new position in shares of Lightspeed Commerce during the 3rd quarter worth about $784,000. AMH Equity Ltd acquired a new position in shares of Lightspeed Commerce during the 3rd quarter worth about $693,000. Spark Investment Management LLC acquired a new position in shares of Lightspeed Commerce during the 3rd quarter worth about $900,000. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Lightspeed Commerce during the 4th quarter worth about $3,953,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

About Lightspeed Commerce

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.