Lightspeed Commerce (NYSE:LSPD) Downgraded by Atb Cap Markets to Hold

Atb Cap Markets cut shares of Lightspeed Commerce (NYSE:LSPD) from a strong-buy rating to a hold rating in a report published on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. UBS Group dropped their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a report on Friday, February 7th. Barclays dropped their price target 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. Bank of America reduced their price target on shares of Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday. BMO Capital Markets lowered their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Scotiabank reduced 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. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lightspeed Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.82.

Lightspeed Commerce Trading Down 5.8 %

LSPD opened at $9.37 on Wednesday. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -11.71, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. The company’s 50 day simple moving average is $12.63 and its two-hundred day simple moving average is $14.73. Lightspeed Commerce has a 1-year low of $9.25 and a 1-year high of $18.96. 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 announced 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%. Analysts expect that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Lightspeed Commerce by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company’s stock worth $81,319,000 after buying an additional 70,324 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Lightspeed Commerce by 37,065.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock valued at $63,688,000 after acquiring an additional 4,170,557 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Lightspeed Commerce by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company’s stock valued at $48,009,000 after purchasing an additional 24,891 shares during the period. Bank of Montreal Can grew its stake in Lightspeed Commerce by 1.1% during the 4th quarter. Bank of Montreal Can now owns 2,022,590 shares of the company’s stock worth $30,803,000 after purchasing an additional 21,357 shares in the last quarter. Finally, Intact Investment Management Inc. increased its holdings in Lightspeed Commerce by 94.5% during the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock worth $26,031,000 after purchasing an additional 829,577 shares during the period. Hedge funds and other institutional investors 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.