JPMorgan Chase & Co. Issues Pessimistic Forecast for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its target price lowered by JPMorgan Chase & Co. from $13.00 to $10.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 12.17% from the stock’s current price.

Other research analysts also recently issued reports about the company. Atb Cap Markets downgraded Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 26th. Bank of America dropped their price objective on shares of Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Benchmark reduced their price target on Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. Barclays dropped their target price on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, March 28th. Finally, Stifel Nicolaus cut their price objective on shares of Lightspeed Commerce from $15.00 to $12.00 and set a “hold” rating for the company in a report on Friday, March 28th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.09.

Lightspeed Commerce Trading Up 1.9 %

Shares of LSPD stock opened at $8.92 on Monday. The firm has a market cap of $1.36 billion, a P/E ratio of -11.14, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 12-month low of $8.54 and a 12-month high of $18.96. The business has a 50-day moving average price of $12.28 and a two-hundred day moving average price of $14.69.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.03 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%. Equities analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LSPD. Vanguard Group Inc. lifted its stake in shares of Lightspeed Commerce by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company’s stock valued at $81,319,000 after purchasing an additional 70,324 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Lightspeed Commerce by 37,065.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock valued at $63,688,000 after acquiring an additional 4,170,557 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Lightspeed Commerce by 0.8% in the 4th quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company’s stock valued at $48,009,000 after acquiring an additional 24,891 shares during the period. Bank of Montreal Can lifted its holdings in shares of Lightspeed Commerce by 1.1% in the 4th quarter. Bank of Montreal Can now owns 2,022,590 shares of the company’s stock worth $30,803,000 after acquiring an additional 21,357 shares during the last quarter. Finally, Intact Investment Management Inc. boosted its position in shares of Lightspeed Commerce by 94.5% during the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock worth $26,031,000 after purchasing an additional 829,577 shares during the period. 68.68% of the stock is currently owned by institutional investors and hedge funds.

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.