UBS Group Cuts Lightspeed Commerce (NYSE:LSPD) Price Target to $14.50

Lightspeed Commerce (NYSE:LSPD) had its target price reduced by UBS Group from $17.00 to $14.50 in a report released on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts also recently issued reports on LSPD. Barclays downgraded shares of Lightspeed Commerce from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $20.00 to $18.00 in a research report on Friday, January 10th. Wells Fargo & Company reduced their price objective on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday. Benchmark upped their target price on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Piper Sandler reduced their price target on Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada upgraded Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.39.

Lightspeed Commerce Stock Up 4.3 %

Shares of NYSE LSPD opened at $13.14 on Friday. The company has a quick ratio of 5.94, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.00 billion, a price-to-earnings ratio of -16.43 and a beta of 2.42. Lightspeed Commerce has a 12-month low of $11.01 and a 12-month high of $18.96. The firm’s 50-day simple moving average is $15.42 and its 200 day simple moving average is $14.99.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.60%. On average, research analysts expect that Lightspeed Commerce will post -0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lightspeed Commerce

Institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in Lightspeed Commerce by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 114,808 shares of the company’s stock worth $1,567,000 after purchasing an additional 2,459 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Lightspeed Commerce by 151.8% in the third quarter. Harbor Capital Advisors Inc. now owns 227,381 shares of the company’s stock valued at $3,750,000 after buying an additional 137,085 shares during the period. Intact Investment Management Inc. increased its position in shares of Lightspeed Commerce by 10,117.5% during the third quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock worth $14,473,000 after acquiring an additional 869,090 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Lightspeed Commerce during the third quarter worth $225,000. Finally, LMR Partners LLP bought a new stake in Lightspeed Commerce in the 3rd quarter valued at $2,441,000. Institutional investors own 68.68% of the company’s stock.

About Lightspeed Commerce

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.