Truist Financial Has Lowered Expectations for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its price target lowered by equities research analysts at Truist Financial from $11.00 to $10.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price would indicate a potential upside of 8.25% from the company’s current price.

A number of other research firms also recently issued reports on LSPD. Morgan Stanley cut their target price on shares of Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating for the company in a research report on Friday, May 22nd. Barclays cut their target price on shares of Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. BMO Capital Markets cut their target price on shares of Lightspeed Commerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Monday. Benchmark cut their target price on shares of Lightspeed Commerce from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Finally, National Bank Financial cut their target price on shares of Lightspeed Commerce from $15.00 to $11.00 and set a “sector perform” rating for the company in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.27.

Lightspeed Commerce Trading Up 4.3%

Shares of Lightspeed Commerce stock traded up $0.38 during trading on Thursday, hitting $9.24. The stock had a trading volume of 702,650 shares, compared to its average volume of 965,812. The stock has a 50 day simple moving average of $9.05 and a 200 day simple moving average of $10.28. The company has a market capitalization of $1.27 billion, a PE ratio of -8.97, a P/E/G ratio of 1.94 and a beta of 1.92. The company has a quick ratio of 4.18, a current ratio of 4.28 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 1 year low of $7.83 and a 1 year high of $14.34.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings results on Thursday, May 21st. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $290.80 million for 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 business’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, research analysts expect that Lightspeed Commerce will post 0.26 EPS for the current fiscal year.

Institutional Trading of Lightspeed Commerce

A number of institutional investors have recently added to or reduced their stakes in the business. Amundi acquired a new stake in Lightspeed Commerce in the first quarter valued at approximately $121,000. Royal Bank of Canada lifted its stake in Lightspeed Commerce by 64.4% in the first quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock valued at $19,950,000 after acquiring an additional 872,131 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Lightspeed Commerce by 1,221.5% in the first quarter. Renaissance Technologies LLC now owns 406,783 shares of the company’s stock valued at $3,645,000 after acquiring an additional 376,000 shares during the last quarter. Pale Fire Capital SE acquired a new stake in Lightspeed Commerce in the first quarter valued at approximately $49,500,000. Finally, Louisbourg Investments Inc. lifted its stake in Lightspeed Commerce by 4.1% in the first quarter. Louisbourg Investments Inc. now owns 672,764 shares of the company’s stock valued at $6,004,000 after acquiring an additional 26,531 shares during the last quarter. 68.68% of the stock is currently owned by institutional investors and hedge funds.

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.