BMO Capital Markets Has Lowered Expectations for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its price target cut by stock analysts at BMO Capital Markets from $15.00 to $14.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 45.23% from the stock’s previous close.

Other analysts have also issued research reports about the company. Piper Sandler decreased their price objective on Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday. Benchmark reduced their target price on Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday. Wells Fargo & Company reduced their price target on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. UBS Group decreased their price objective on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a report on Friday, February 7th. Finally, Scotiabank decreased their price objective on shares of Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating for the company in a research report on Tuesday. Eight 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. Based on data from MarketBeat.com, Lightspeed Commerce currently has an average rating of “Moderate Buy” and an average price target of $16.82.

Lightspeed Commerce Stock Down 3.0 %

Shares of LSPD stock traded down $0.30 during mid-day trading on Thursday, hitting $9.64. The stock had a trading volume of 198,351 shares, compared to its average volume of 918,954. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The firm has a market capitalization of $1.47 billion, a P/E ratio of -12.05, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. The firm’s 50-day moving average is $12.74 and its two-hundred day moving average is $14.77. Lightspeed Commerce has a 12-month low of $9.42 and a 12-month high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data 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, analysts predict that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its position in 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 worth $63,688,000 after buying an additional 4,170,557 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Lightspeed Commerce during the 4th quarter valued at approximately $24,334,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Lightspeed Commerce by 266.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company’s stock worth $20,660,000 after acquiring an additional 986,100 shares during the last quarter. Intact Investment Management Inc. lifted its stake in shares of Lightspeed Commerce by 94.5% in the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock valued at $26,031,000 after purchasing an additional 829,577 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of Lightspeed Commerce by 304.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 397,752 shares of the company’s stock worth $6,061,000 after purchasing an additional 299,482 shares during the period. Institutional investors and hedge funds 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.