JPMorgan Chase & Co. Trims Lightspeed Commerce (NYSE:LSPD) Target Price to $14.00

Lightspeed Commerce (NYSE:LSPD) had its price objective trimmed by JPMorgan Chase & Co. from $15.00 to $14.00 in a research note published on Tuesday morning, MarketBeat.com reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on LSPD. Scotiabank raised their price objective on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a sector outperform rating in a research note on Friday, May 17th. Cibc World Mkts upgraded shares of Lightspeed Commerce from a hold rating to a strong-buy rating in a research report on Friday, May 24th. Piper Sandler decreased their price objective on shares of Lightspeed Commerce from $17.00 to $15.00 and set a neutral rating for the company in a research report on Friday, August 2nd. BMO Capital Markets dropped their target price on Lightspeed Commerce from $20.00 to $18.00 and set an outperform rating on the stock in a research report on Friday, August 2nd. Finally, National Bankshares upped their price target on Lightspeed Commerce from $15.00 to $16.00 and gave the stock a sector perform rating in a report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $18.56.

Lightspeed Commerce Trading Down 1.3 %

NYSE LSPD opened at $13.13 on Tuesday. Lightspeed Commerce has a 1 year low of $11.01 and a 1 year high of $21.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.34 and a quick ratio of 6.23. The company has a market capitalization of $2.01 billion, a PE ratio of -12.27 and a beta of 2.33. The company has a fifty day moving average of $13.40 and a 200 day moving average of $13.85.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Lightspeed Commerce had a negative return on equity of 0.98% and a negative net margin of 15.55%. The business had revenue of $266.10 million during the quarter, compared to analyst estimates of $258.58 million. During the same quarter last year, the business posted ($0.14) EPS. The company’s revenue was up 27.3% on a year-over-year basis. Research analysts forecast that Lightspeed Commerce will post -0.39 earnings per share for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in LSPD. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Lightspeed Commerce during the 1st quarter worth approximately $35,000. Toronto Dominion Bank grew its holdings in Lightspeed Commerce by 102.8% in the 2nd quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock valued at $94,000 after buying an additional 3,482 shares in the last quarter. Conestoga Capital Advisors LLC acquired a new stake in shares of Lightspeed Commerce in the 1st quarter worth $141,000. Duality Advisers LP purchased a new position in shares of Lightspeed Commerce during the 4th quarter worth $276,000. Finally, Headlands Technologies LLC acquired a new position in shares of Lightspeed Commerce during the 2nd quarter valued at about $181,000. 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.