JPMorgan Chase & Co. Issues Pessimistic Forecast for Lightspeed Commerce (NYSE:LSPD) Stock Price

Key Points

• JPMorgan cut its Lightspeed Commerce price target from $12 to $11 and maintained an “underweight” rating; the new target implies 6.85% upside from the prior close.
• Analyst sentiment is mixed but leans neutral: the consensus rating is “Hold,” with a $11.27 average price target, based on four Buy, nine Hold, and three Sell ratings.
• Lightspeed modestly beat quarterly estimates, reporting EPS of $0.17 versus $0.16 expected and revenue of $323.79 million versus $321.09 million; revenue increased 1.5% year over year.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $12.00 to $11.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 6.85% from the stock's previous close.

Several other analysts have also recently weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Lightspeed Commerce in a report on Thursday, October 15th. Morgan Stanley reduced their target price on shares of Lightspeed Commerce from $11.50 to $9.50 and set an "equal weight" rating on the stock in a research note on Monday, September 28th. Truist Financial raised their target price on shares of Lightspeed Commerce from $10.00 to $11.00 and gave the company a "hold" rating in a research note on Friday, October 23rd. Finally, Royal Bank Of Canada boosted their price target on shares of Lightspeed Commerce from $10.00 to $13.00 and gave the stock an "outperform" rating in a research note on Monday, August 31st. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Lightspeed Commerce presently has a consensus rating of "Hold" and a consensus price target of $11.27.

Lightspeed Commerce Stock Up 0.0%

NYSE LSPD opened at $10.29 on Friday. The stock has a fifty day moving average of $10.34 and a 200-day moving average of $9.84. The stock has a market capitalization of $1.33 billion, a P/E ratio of -21.01, a price-to-earnings-growth ratio of 1.60 and a beta of 1.85. Lightspeed Commerce has a 52 week low of $7.83 and a 52 week high of $13.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.63 and a current ratio of 3.76.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. Lightspeed Commerce had a positive return on equity of 1.30% and a negative net margin of 5.51%. The company had revenue of $323.79 million during the quarter, compared to the consensus estimate of $321.09 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The firm's quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that Lightspeed Commerce will post 0.21 EPS for the current year.

Institutional Trading of Lightspeed Commerce

Several institutional investors and hedge funds have recently bought and sold shares of LSPD. Pale Fire Capital SE lifted its position in shares of Lightspeed Commerce by 4.5% in the second quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company's stock valued at $60,569,000 after buying an additional 249,341 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Lightspeed Commerce by 64.4% during the 1st quarter. Royal Bank of Canada now owns 2,226,453 shares of the company's stock worth $19,950,000 after acquiring an additional 872,131 shares during the period. Louisbourg Investments Inc. boosted its stake in shares of Lightspeed Commerce by 17.0% during the 3rd quarter. Louisbourg Investments Inc. now owns 676,164 shares of the company's stock worth $6,624,000 after acquiring an additional 98,184 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Lightspeed Commerce by 1,221.5% during the 1st quarter. Renaissance Technologies LLC now owns 406,783 shares of the company's stock worth $3,645,000 after acquiring an additional 376,000 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Lightspeed Commerce by 28.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company's stock worth $642,000 after acquiring an additional 13,103 shares during the last quarter. Institutional investors own 68.68% of the company's stock.

About Lightspeed Commerce

Lightspeed Commerce Inc is a cloud-based commerce technology company that provides point-of-sale and business management software for small and midsized businesses. Its platform is designed for retailers, restaurants, hospitality operators and golf businesses, helping them manage sales, payments, inventory, customer relationships and day-to-day operations through integrated digital tools.

Lightspeed's products include point-of-sale systems, payment processing, e-commerce capabilities, inventory and order management, analytics, accounting integrations, customer loyalty features and tools for managing restaurants and golf courses.

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