Lightspeed Commerce (NYSE:LSPD) Given New $11.00 Price Target at Barclays

Lightspeed Commerce (NYSE:LSPD) had its target price dropped by stock analysts at Barclays from $12.00 to $11.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 8.32% from the stock’s current price.

A number of other analysts also recently weighed in on LSPD. Royal Bank Of Canada reduced their target price on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. BTIG Research reduced their target price on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Zacks Research downgraded shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Thursday, January 22nd. Finally, TD Securities upgraded shares of Lightspeed Commerce to a “hold” rating in a report on Thursday, January 15th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.40.

Lightspeed Commerce Price Performance

LSPD stock traded up $0.29 during mid-day trading on Tuesday, hitting $10.16. The company had a trading volume of 51,043 shares, compared to its average volume of 889,120. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -2.19, a P/E/G ratio of 1.85 and a beta of 2.05. Lightspeed Commerce has a 12-month low of $8.36 and a 12-month high of $14.34. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $9.08 and a 200 day moving average price of $10.75.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. The business had revenue of $312.35 million for the quarter, compared to analysts’ expectations of $311.28 million. Lightspeed Commerce had a negative net margin of 58.15% and a positive return on equity of 0.37%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. On average, research analysts anticipate that Lightspeed Commerce will post 0.03 earnings per share for the current year.

Institutional Trading of Lightspeed Commerce

Large investors have recently made changes to their positions in the business. Plato Investment Management Ltd grew its holdings in Lightspeed Commerce by 880.0% during the 4th quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock valued at $64,000 after purchasing an additional 4,752 shares during the last quarter. Headlands Technologies LLC bought a new position in Lightspeed Commerce during the 2nd quarter valued at about $92,000. Russell Investments Group Ltd. grew its holdings in Lightspeed Commerce by 106.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock valued at $122,000 after purchasing an additional 5,354 shares during the last quarter. Aigen Investment Management LP bought a new position in Lightspeed Commerce during the 4th quarter valued at about $125,000. Finally, Brooklyn Investment Group bought a new position in Lightspeed Commerce during the 4th quarter valued at about $132,000. 68.68% of the stock is currently owned by institutional investors.

About Lightspeed Commerce

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.