BMO Capital Markets Trims Lightspeed Commerce (NYSE:LSPD) Target Price to $18.00

Lightspeed Commerce (NYSE:LSPD) had its price objective reduced by BMO Capital Markets from $20.00 to $18.00 in a report released on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts have also recently commented on LSPD. JPMorgan Chase & Co. lowered their target price on Lightspeed Commerce from $17.00 to $16.00 and set a neutral rating for the company in a research note on Friday, May 17th. TD Securities lowered their target price on Lightspeed Commerce from $16.00 to $15.00 and set a hold rating for the company in a research note on Friday. Jefferies Financial Group boosted their target price on Lightspeed Commerce from $14.00 to $16.00 and gave the stock a hold rating in a research note on Tuesday, May 21st. Royal Bank of Canada reaffirmed an outperform rating and set a $21.00 price target on shares of Lightspeed Commerce in a report on Wednesday, May 29th. Finally, Wells Fargo & Company decreased their price target on Lightspeed Commerce from $17.00 to $15.00 and set an equal weight rating for the company in a report on Wednesday, July 31st. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lightspeed Commerce currently has an average rating of Hold and a consensus price target of $18.28.

Lightspeed Commerce Trading Down 1.0 %

Shares of NYSE LSPD traded down $0.12 during trading on Friday, reaching $11.80. The stock had a trading volume of 498,960 shares, compared to its average volume of 1,210,692. Lightspeed Commerce has a fifty-two week low of $11.01 and a fifty-two week high of $21.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.23 and a current ratio of 6.34. The business’s 50-day moving average price is $13.99 and its 200-day moving average price is $14.35. The company has a market cap of $1.81 billion, a P/E ratio of -10.12 and a beta of 2.33.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Lightspeed Commerce had a negative return on equity of 0.98% and a negative net margin of 15.55%. The business had revenue of $266.10 million during the quarter, compared to analysts’ expectations of $258.58 million. During the same period in the previous year, the firm posted ($0.14) earnings per share. The company’s revenue was up 27.3% on a year-over-year basis. On average, equities research analysts predict that Lightspeed Commerce will post -0.39 EPS for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in Lightspeed Commerce during the 4th quarter worth approximately $2,819,000. Vanguard Group Inc. lifted its position in Lightspeed Commerce by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,938,501 shares of the company’s stock worth $69,287,000 after acquiring an additional 72,890 shares during the period. Hsbc Holdings PLC acquired a new stake in Lightspeed Commerce during the 4th quarter worth approximately $1,229,000. Artisan Partners Limited Partnership lifted its position in Lightspeed Commerce by 13.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 5,297,686 shares of the company’s stock worth $111,232,000 after acquiring an additional 627,796 shares during the period. Finally, Norges Bank acquired a new stake in Lightspeed Commerce during the 4th quarter worth approximately $25,993,000. 68.68% of the stock is owned by hedge funds and other institutional investors.

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.