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

Lightspeed Commerce (NYSE:LSPD) had its price objective cut by Jefferies Financial Group from $16.00 to $14.50 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 21.64% from the company’s previous close.

Several other equities research analysts have also recently commented on LSPD. UBS Group upped their price target on Lightspeed Commerce from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. National Bankshares increased their target price on Lightspeed Commerce from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Friday, May 17th. Bank of America increased their target price on Lightspeed Commerce from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Royal Bank of Canada restated an “outperform” rating and set a $21.00 price objective on shares of Lightspeed Commerce in a research note on Wednesday, May 29th. Finally, Wells Fargo & Company decreased their target price on Lightspeed Commerce from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday. Twelve research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lightspeed Commerce has a consensus rating of “Hold” and an average price target of $18.19.

Lightspeed Commerce Trading Down 9.5 %

Lightspeed Commerce stock opened at $11.92 on Friday. The company has a current ratio of 6.34, a quick ratio of 6.23 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.83 billion, a PE ratio of -11.14 and a beta of 2.33. The stock’s 50 day simple moving average is $13.99 and its two-hundred day simple moving average is $14.38. Lightspeed Commerce has a 12 month low of $11.80 and a 12 month high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.16. The business had revenue of $230.22 million during the quarter, compared to analysts’ expectations of $224.08 million. Lightspeed Commerce had a negative return on equity of 0.98% and a negative net margin of 15.55%. Analysts anticipate that Lightspeed Commerce will post -0.39 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of hedge funds have recently modified their holdings of the stock. Westfield Capital Management Co. LP purchased a new position in shares of Lightspeed Commerce during the first quarter valued at $34,984,000. Norges Bank purchased a new position in shares of Lightspeed Commerce during the fourth quarter valued at $25,993,000. Hillsdale Investment Management Inc. grew its holdings in shares of Lightspeed Commerce by 365.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,348,120 shares of the company’s stock valued at $28,317,000 after buying an additional 1,058,320 shares in the last quarter. Azora Capital LP grew its holdings in shares of Lightspeed Commerce by 133.1% during the fourth quarter. Azora Capital LP now owns 1,579,312 shares of the company’s stock valued at $33,166,000 after buying an additional 901,861 shares in the last quarter. Finally, NewGen Asset Management Ltd acquired a new stake in Lightspeed Commerce during the second quarter valued at $9,241,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Lightspeed Commerce Company Profile

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.