Lightspeed Commerce (NYSE:LSPD) Lowered to “Equal Weight” Rating by Barclays

Lightspeed Commerce (NYSE:LSPD) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, MarketBeat.com reports. They currently have a $18.00 price objective on the stock, down from their prior price objective of $20.00. Barclays‘s target price points to a potential upside of 21.62% from the stock’s previous close.

Other analysts also recently issued research reports about the company. BMO Capital Markets boosted their price target on Lightspeed Commerce from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Piper Sandler boosted their price target on Lightspeed Commerce from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. TD Securities boosted their price target on Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Finally, BTIG Research reiterated a “buy” rating and set a $21.00 price target on shares of Lightspeed Commerce in a research note on Thursday, September 26th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.93.

Lightspeed Commerce Stock Down 3.8 %

Shares of LSPD stock opened at $14.80 on Friday. Lightspeed Commerce has a 1-year low of $11.01 and a 1-year high of $20.09. The stock’s fifty day moving average price is $16.66 and its 200 day moving average price is $14.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. The company has a market cap of $2.25 billion, a price-to-earnings ratio of -16.63 and a beta of 2.44.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. The firm had revenue of $277.18 million for the quarter, compared to the consensus estimate of $273.90 million. 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

Large investors have recently bought and sold shares of the business. Toronto Dominion Bank raised its holdings in shares of Lightspeed Commerce by 102.8% during the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock valued at $94,000 after acquiring an additional 3,482 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Lightspeed Commerce during the second quarter valued at approximately $181,000. Aigen Investment Management LP acquired a new position in shares of Lightspeed Commerce during the third quarter valued at approximately $225,000. Polar Asset Management Partners Inc. acquired a new position in shares of Lightspeed Commerce during the third quarter valued at approximately $412,000. Finally, Algert Global LLC acquired a new position in shares of Lightspeed Commerce during the third quarter valued at approximately $448,000. 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.