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

Lightspeed Commerce (NYSE:LSPD) had its price objective trimmed by TD Securities from $16.00 to $15.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

A number of other analysts have also commented on the company. UBS Group boosted their price objective on Lightspeed Commerce from $17.00 to $18.00 and gave the stock a neutral rating in a report on Tuesday, May 21st. JPMorgan Chase & Co. reduced their target price on shares of Lightspeed Commerce from $17.00 to $16.00 and set a neutral rating for the company in a research note on Friday, May 17th. Bank of America raised their price target on shares of Lightspeed Commerce from $19.00 to $20.00 and gave the company a neutral rating in a research report on Friday, May 17th. Scotiabank upped their price objective on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a sector outperform rating in a research report on Friday, May 17th. Finally, Royal Bank of Canada reissued an outperform rating and set a $21.00 target price on shares of Lightspeed Commerce in a research report on Wednesday, May 29th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Lightspeed Commerce currently has a consensus rating of Hold and a consensus price target of $18.28.

Lightspeed Commerce Trading Up 4.3 %

LSPD stock traded up $0.51 during midday trading on Friday, hitting $12.35. The stock had a trading volume of 939,358 shares, compared to its average volume of 1,214,452. 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 $1.89 billion, a P/E ratio of -11.07 and a beta of 2.33. The business has a fifty day moving average price of $13.93 and a two-hundred day moving average price of $14.30. Lightspeed Commerce has a 1-year low of $11.01 and a 1-year high of $21.71.

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

Institutional Investors Weigh In On Lightspeed Commerce

Several hedge funds and other institutional investors have recently modified their holdings of LSPD. TD Asset Management Inc raised its stake in shares of Lightspeed Commerce by 0.7% in the second quarter. TD Asset Management Inc now owns 384,137 shares of the company’s stock worth $5,250,000 after buying an additional 2,828 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Lightspeed Commerce by 6.6% in the second quarter. CIBC Asset Management Inc now owns 175,008 shares of the company’s stock worth $2,391,000 after acquiring an additional 10,809 shares during the period. NewGen Asset Management Ltd bought a new position in Lightspeed Commerce in the 2nd quarter worth approximately $9,241,000. Addenda Capital Inc. grew its holdings in Lightspeed Commerce by 10.5% during the 2nd quarter. Addenda Capital Inc. now owns 44,041 shares of the company’s stock valued at $603,000 after buying an additional 4,196 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Lightspeed Commerce by 297.6% in the second quarter. Harbor Capital Advisors Inc. now owns 90,296 shares of the company’s stock worth $1,236,000 after buying an additional 67,584 shares in the last quarter. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

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.