Truist Financial Lowers Lightspeed Commerce (NYSE:LSPD) Price Target to $11.00

Lightspeed Commerce (NYSE:LSPD) had its price objective dropped by investment analysts at Truist Financial from $13.00 to $11.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective points to a potential upside of 25.06% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada dropped their target price on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. TD Securities upgraded Lightspeed Commerce to a “hold” rating in a report on Thursday, January 15th. BTIG Research reduced their target price on Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Zacks Research cut Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Barclays reduced their price objective on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, January 12th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.33.

Lightspeed Commerce Trading Down 4.9%

Shares of LSPD traded down $0.45 during trading hours on Wednesday, hitting $8.80. 939,847 shares of the stock traded hands, compared to its average volume of 941,136. The business has a fifty day moving average of $11.52 and a 200-day moving average of $11.84. The firm has a market capitalization of $1.20 billion, a PE ratio of -1.90, a price-to-earnings-growth ratio of 11.64 and a beta of 2.07. Lightspeed Commerce has a 1-year low of $7.34 and a 1-year high of $14.34. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The firm had revenue of $312.35 million during the quarter, compared to analysts’ expectations of $311.28 million. Lightspeed Commerce had a positive return on equity of 0.37% and a negative net margin of 58.15%.The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 EPS. Analysts expect that Lightspeed Commerce will post 0.08 EPS for the current year.

Institutional Trading of Lightspeed Commerce

A number of institutional investors have recently modified their holdings of the company. Louisbourg Investments Inc. lifted its stake in Lightspeed Commerce by 18.0% in the 3rd quarter. Louisbourg Investments Inc. now owns 652,062 shares of the company’s stock valued at $7,527,000 after purchasing an additional 99,357 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its stake in Lightspeed Commerce by 3,784.7% in the second quarter. ANTIPODES PARTNERS Ltd now owns 1,150,227 shares of the company’s stock valued at $13,472,000 after buying an additional 1,120,618 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Lightspeed Commerce by 29.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,468,872 shares of the company’s stock valued at $28,948,000 after buying an additional 556,724 shares during the last quarter. AMH Equity Ltd acquired a new stake in shares of Lightspeed Commerce in the third quarter valued at approximately $693,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Lightspeed Commerce by 43.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,139,300 shares of the company’s stock worth $25,121,000 after acquiring an additional 650,200 shares during the period. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.