Lightspeed Commerce (NYSE:LSPD) Stock Price Down 4% – Here’s Why

Lightspeed Commerce Inc. (NYSE:LSPD) traded down 4% during trading on Monday . The company traded as low as $10.02 and last traded at $10.21. 208,174 shares traded hands during trading, a decline of 77% from the average session volume of 908,893 shares. The stock had previously closed at $10.63.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LSPD shares. Royal Bank of Canada cut their price objective on shares of Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday. Bank of America initiated coverage on shares of Lightspeed Commerce in a research note on Wednesday, February 19th. They set a “buy” rating and a $20.00 price target on the stock. Barclays lowered their price objective on shares of Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Scotiabank cut their target price on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company reduced their target price on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Eight equities research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.89.

Lightspeed Commerce Trading Up 0.9 %

The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -12.59, a PEG ratio of 3.03 and a beta of 2.44. The business’s 50-day moving average price is $12.84 and its 200 day moving average price is $14.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. On average, equities analysts forecast that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

A number of hedge funds have recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in shares of Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after buying an additional 1,025 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Lightspeed Commerce by 27.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company’s stock valued at $158,000 after acquiring an additional 2,168 shares in the last quarter. Bayesian Capital Management LP bought a new position in Lightspeed Commerce during the 4th quarter valued at $165,000. Susquehanna Fundamental Investments LLC acquired a new position in Lightspeed Commerce during the 4th quarter worth $256,000. Finally, Twinbeech Capital LP bought a new stake in shares of Lightspeed Commerce in the 4th quarter worth about $261,000. Institutional investors and hedge funds own 68.68% of the company’s stock.

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.