Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $15.00 at Royal Bank of Canada

Lightspeed Commerce (NYSE:LSPD) had its target price cut by stock analysts at Royal Bank of Canada from $20.00 to $15.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 49.84% from the company’s current price.

Several other research firms also recently commented on LSPD. Barclays reduced their price target on shares of Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company reduced their target price on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. UBS Group lowered their price target on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a report on Friday, February 7th. Bank of America began coverage on Lightspeed Commerce in a research note on Wednesday, February 19th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Scotiabank decreased their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating for the company in a research report on Tuesday. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.89.

Lightspeed Commerce Stock Performance

Shares of LSPD stock traded up $0.03 during mid-day trading on Tuesday, hitting $10.01. 158,653 shares of the stock were exchanged, compared to its average volume of 917,996. The stock’s fifty day simple moving average is $12.93 and its two-hundred day simple moving average is $14.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. Lightspeed Commerce has a 12-month low of $9.90 and a 12-month high of $18.96. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -12.51, a P/E/G ratio of 3.03 and a beta of 2.44.

Lightspeed Commerce (NYSE:LSPD) last announced 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 negative net margin of 11.75% and a positive return on equity of 0.61%. On average, analysts forecast that Lightspeed Commerce will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Several institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in shares of Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after purchasing an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Lightspeed Commerce by 27.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company’s stock valued at $158,000 after buying an additional 2,168 shares in the last quarter. Bayesian Capital Management LP purchased a new position in Lightspeed Commerce in the fourth quarter valued at about $165,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Lightspeed Commerce during the 4th quarter valued at approximately $256,000. Finally, Twinbeech Capital LP purchased a new stake in shares of Lightspeed Commerce during the 4th quarter worth approximately $261,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

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.