Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $15.00 at Royal Bank of Canada

Lightspeed Commerce (NYSE:LSPD) had its price target trimmed by Royal Bank of Canada from $20.00 to $15.00 in a report published on Tuesday morning, MarketBeat Ratings reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also weighed in on the stock. Scotiabank dropped their price objective on shares of Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating on the stock in a research report on Tuesday. Piper Sandler decreased 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, February 6th. Wells Fargo & Company lowered 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. Bank of America started coverage on shares of Lightspeed Commerce in a report on Wednesday, February 19th. They set a “buy” rating and a $20.00 price target for the company. Finally, UBS Group decreased their price target on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Lightspeed Commerce has an average rating of “Moderate Buy” and a consensus target price of $17.89.

Lightspeed Commerce Stock Up 0.9 %

Shares of Lightspeed Commerce stock opened at $10.07 on Tuesday. The business’s 50 day simple moving average is $12.84 and its 200 day simple moving average is $14.80. 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 firm has a market cap of $1.54 billion, a PE ratio of -12.59, a P/E/G ratio of 3.03 and a beta of 2.44. Lightspeed Commerce has a 52-week low of $9.88 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 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. On average, analysts predict that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after acquiring an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of 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 worth $158,000 after purchasing an additional 2,168 shares during the period. Bayesian Capital Management LP purchased a new position in shares of Lightspeed Commerce during the 4th quarter valued at $165,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Lightspeed Commerce in the fourth quarter worth about $256,000. Finally, Twinbeech Capital LP purchased a new position in shares of Lightspeed Commerce in the fourth quarter valued at $261,000. 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.