Barclays Issues Pessimistic Forecast for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its target price reduced by investment analysts at Barclays from $15.00 to $13.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 43.25% from the company’s current price.

A number of other brokerages have also commented on LSPD. Atb Cap Markets lowered Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. 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 report on Tuesday, March 25th. Benchmark reduced their target price on shares of Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a report on Thursday. UBS Group decreased their target price 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. Finally, Bank of America cut their price target on Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday. Eleven equities research 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’s stock. According to MarketBeat, Lightspeed Commerce presently has a consensus rating of “Hold” and a consensus target price of $16.09.

Lightspeed Commerce Trading Down 3.1 %

NYSE:LSPD opened at $9.08 on Friday. The company has a market capitalization of $1.39 billion, a P/E ratio of -11.34, a PEG ratio of 3.03 and a beta of 2.44. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 12 month low of $9.00 and a 12 month high of $18.96. The firm has a fifty day simple moving average of $12.52 and a 200-day simple moving average of $14.72.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. raised its position in shares of Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after purchasing an additional 1,025 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Lightspeed Commerce by 27.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company’s stock worth $158,000 after buying an additional 2,168 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of Lightspeed Commerce during the fourth quarter valued at approximately $165,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Lightspeed Commerce in the fourth quarter valued at approximately $256,000. Finally, Twinbeech Capital LP acquired a new stake in shares of Lightspeed Commerce in the fourth quarter worth approximately $261,000. Hedge funds and other institutional investors 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.