Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $12.00 at BMO Capital Markets

Lightspeed Commerce (NYSE:LSPD) had its price target reduced by research analysts at BMO Capital Markets from $13.00 to $12.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 40.27% from the company’s current price.

LSPD has been the topic of a number of other reports. Royal Bank Of Canada cut their price objective on Lightspeed Commerce from $13.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday. UBS Group cut their price objective on Lightspeed Commerce from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday. Barclays cut their price objective on Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Morgan Stanley cut their price objective on Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Bank of America started coverage on Lightspeed Commerce in a research note on Tuesday, May 19th. They issued an “underperform” rating and a $10.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.50.

Lightspeed Commerce Trading Down 0.1%

Shares of Lightspeed Commerce stock traded down $0.01 during midday trading on Monday, reaching $8.56. The company had a trading volume of 1,513,030 shares, compared to its average volume of 1,203,846. The stock has a fifty day moving average price of $9.06 and a 200 day moving average price of $10.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 4.44. The firm has a market cap of $1.17 billion, a PE ratio of -8.31, a P/E/G ratio of 1.88 and a beta of 1.92. Lightspeed Commerce has a fifty-two week low of $7.83 and a fifty-two week high of $14.34.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, May 21st. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $290.80 million during the quarter, compared to analyst estimates of $282.87 million. Lightspeed Commerce had a positive return on equity of 0.32% and a negative net margin of 11.77%.The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts anticipate that Lightspeed Commerce will post 0.26 earnings per share for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Several hedge funds and other institutional investors have recently modified their holdings of LSPD. Goldman Sachs Group Inc. increased its holdings in shares of Lightspeed Commerce by 151.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock valued at $18,803,000 after acquiring an additional 1,295,469 shares in the last quarter. Geode Capital Management LLC grew its holdings in Lightspeed Commerce by 8.1% during the second quarter. Geode Capital Management LLC now owns 78,301 shares of the company’s stock worth $922,000 after buying an additional 5,834 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Lightspeed Commerce by 106.4% during the second quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock worth $122,000 after buying an additional 5,354 shares in the last quarter. Norges Bank bought a new stake in Lightspeed Commerce during the second quarter worth $743,000. Finally, Invesco Ltd. grew its holdings in Lightspeed Commerce by 2.9% during the second quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock worth $346,000 after buying an additional 835 shares in the last quarter. Institutional investors own 68.68% of the company’s stock.

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.