Lightspeed Commerce (NYSE:LSPD) Cut to “Equal Weight” at Barclays

Lightspeed Commerce (NYSE:LSPD) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Friday,Briefing.com Automated Import reports. They currently have a $18.00 target price on the stock, down from their previous target price of $20.00. Barclays‘s target price points to a potential upside of 16.73% from the company’s previous close.

Several other equities research analysts have also recently weighed in on LSPD. Benchmark increased their price target on Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, November 8th. TD Securities increased their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, November 8th. BTIG Research restated a “buy” rating and issued a $21.00 price target on shares of Lightspeed Commerce in a research report on Thursday, September 26th. Piper Sandler increased their price objective on shares of Lightspeed Commerce from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets boosted their target price on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.93.

Lightspeed Commerce Stock Down 0.8 %

NYSE:LSPD opened at $15.42 on Friday. Lightspeed Commerce has a one year low of $11.01 and a one year high of $20.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. The company has a market cap of $2.34 billion, a PE ratio of -17.33 and a beta of 2.44. The firm’s 50 day simple moving average is $16.67 and its 200 day simple moving average is $14.88.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $277.18 million for the quarter, compared to analyst estimates of $273.90 million. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. On average, research analysts anticipate that Lightspeed Commerce will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of large investors have recently modified their holdings of the company. Intact Investment Management Inc. increased its stake in Lightspeed Commerce by 10,117.5% during the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock valued at $14,473,000 after purchasing an additional 869,090 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of Lightspeed Commerce by 30.0% during the third quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock worth $54,838,000 after acquiring an additional 766,688 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Lightspeed Commerce by 306.5% in the 2nd quarter. Marshall Wace LLP now owns 807,219 shares of the company’s stock worth $11,051,000 after acquiring an additional 608,661 shares during the last quarter. 1832 Asset Management L.P. lifted its position in Lightspeed Commerce by 345,464.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 404,310 shares of the company’s stock valued at $5,535,000 after acquiring an additional 404,193 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Lightspeed Commerce by 226.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,500 shares of the company’s stock valued at $6,108,000 after purchasing an additional 256,900 shares during the last quarter. 68.68% of the stock is currently owned by 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.