Lightspeed Commerce (NYSE:LSPD) PT Lowered to $15.00 at Piper Sandler

Lightspeed Commerce (NYSE:LSPD) had its target price cut by Piper Sandler from $17.00 to $15.00 in a report published on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reiterated an outperform rating and issued a $21.00 price target on shares of Lightspeed Commerce in a research note on Wednesday, May 29th. Cibc World Mkts raised Lightspeed Commerce from a hold rating to a strong-buy rating in a research report on Friday, May 24th. BMO Capital Markets lifted their price target on Lightspeed Commerce from $19.00 to $20.00 and gave the stock an outperform rating in a report on Friday, May 17th. Bank of America increased their target price on shares of Lightspeed Commerce from $19.00 to $20.00 and gave the stock a neutral rating in a research report on Friday, May 17th. Finally, Wells Fargo & Company dropped 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, July 31st. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lightspeed Commerce has a consensus rating of Hold and an average target price of $18.28.

Lightspeed Commerce Trading Down 0.7 %

Lightspeed Commerce stock traded down $0.08 during midday trading on Friday, hitting $11.84. 1,334,231 shares of the stock were exchanged, compared to its average volume of 1,216,298. The company has a quick ratio of 6.23, a current ratio of 6.34 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.81 billion, a PE ratio of -10.12 and a beta of 2.33. The company has a fifty day simple moving average of $13.99 and a two-hundred day simple moving average of $14.35. Lightspeed Commerce has a 52 week low of $11.01 and a 52 week high of $21.71.

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

Hedge Funds Weigh In On Lightspeed Commerce

A number of hedge funds have recently modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Lightspeed Commerce in the 1st quarter valued at approximately $35,000. Conestoga Capital Advisors LLC purchased a new stake in shares of Lightspeed Commerce during the first quarter worth approximately $141,000. Duality Advisers LP purchased a new stake in Lightspeed Commerce in the 4th quarter valued at $276,000. Addenda Capital Inc. lifted its stake in shares of Lightspeed Commerce by 5.3% in the 1st quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock valued at $560,000 after purchasing an additional 1,990 shares during the last quarter. Finally, Boulder Hill Capital Management LP purchased a new position in Lightspeed Commerce during the 1st quarter valued at about $811,000. 68.68% of the stock is currently owned by 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.