Barclays Lowers Lightspeed Commerce (NYSE:LSPD) Price Target to $12.00

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its target price decreased by equities researchers at Barclays from $13.00 to $12.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price objective would indicate a potential upside of 17.07% from the company's current price.

Several other brokerages have also recently commented on LSPD. Atb Cap Markets cut Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Stifel Nicolaus decreased their target price on shares of Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating for the company in a research report on Friday, March 28th. Wells Fargo & Company cut their price target on shares of Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Morgan Stanley decreased their price objective on shares of Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $9.00 target price (down from $10.00) on shares of Lightspeed Commerce in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have given 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, the company currently has an average rating of "Hold" and an average price target of $14.66.

Lightspeed Commerce Stock Up 1.3 %

NYSE LSPD traded up $0.13 during trading on Monday, reaching $10.25. 1,151,974 shares of the company's stock were exchanged, compared to its average volume of 988,667. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a fifty-two week low of $7.34 and a fifty-two week high of $18.96. The company's fifty day simple moving average is $10.31 and its 200-day simple moving average is $13.85. The firm has a market capitalization of $1.57 billion, a PE ratio of -12.81, a P/E/G ratio of 3.03 and a beta of 2.52.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing the consensus estimate 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%. Sell-side analysts predict that Lightspeed Commerce will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Lightspeed Commerce by 214.4% in the fourth 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 4th 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 during the period. Bayesian Capital Management LP bought a new stake in Lightspeed Commerce in the 4th quarter valued at $165,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Lightspeed Commerce in the 4th quarter valued at $256,000. Finally, Twinbeech Capital LP bought a new position in shares of Lightspeed Commerce during the 4th quarter worth about $261,000. Institutional investors and hedge funds own 68.68% of the company's stock.

Lightspeed Commerce Company Profile

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.