Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $11.00 at Piper Sandler

Lightspeed Commerce (NYSE:LSPD) had its price target trimmed by Piper Sandler from $13.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on the company. Wells Fargo & Company reduced their price target on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Scotiabank reduced their target price on shares of Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating for the company in a research note on Tuesday. Bank of America assumed 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 reduced 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. Finally, Royal Bank of Canada lowered their target price on shares of Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.82.

Lightspeed Commerce Stock Performance

Shares of LSPD opened at $9.37 on Thursday. The company has a market capitalization of $1.43 billion, a PE ratio of -11.71, a PEG ratio of 3.03 and a beta of 2.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The company’s 50 day moving average price is $12.63 and its 200 day moving average price is $14.73. Lightspeed Commerce has a 52 week low of $9.25 and a 52 week high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. Research analysts expect that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.