Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report)'s share price gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $10.77, but opened at $10.40. Lightspeed Commerce shares last traded at $9.78, with a volume of 270,411 shares trading hands.
The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share.
Analyst Upgrades and Downgrades
LSPD has been the topic of a number of analyst reports. National Bankshares decreased their price target on Lightspeed Commerce from $15.00 to $13.10 and set a "sector perform" rating on the stock in a research note on Friday, April 25th. UBS Group cut their target price on shares of Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating on the stock in a report on Friday, February 7th. Wells Fargo & Company lowered their price target on shares of Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. Atb Cap Markets lowered shares of Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, Scotiabank lowered shares of Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $17.00 to $11.00 in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $14.29.
Read Our Latest Analysis on LSPD
Institutional Trading of Lightspeed Commerce
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Lightspeed Commerce by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,372,421 shares of the company's stock worth $47,004,000 after purchasing an additional 39,115 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Lightspeed Commerce by 37,065.0% in the 4th 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 during the last quarter. Wishbone Management LP bought a new stake in shares of Lightspeed Commerce in the first quarter worth $32,156,000. Nuveen Asset Management LLC boosted its position in Lightspeed Commerce by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company's stock worth $48,009,000 after purchasing an additional 24,891 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Lightspeed Commerce by 151.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company's stock worth $18,803,000 after purchasing an additional 1,295,469 shares during the last quarter. 68.68% of the stock is currently owned by institutional investors.
Lightspeed Commerce Trading Down 8.7%
The stock has a 50 day simple moving average of $9.68 and a 200-day simple moving average of $13.21. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.50 billion, a P/E ratio of -12.26, a P/E/G ratio of 3.03 and a beta of 2.49.
About Lightspeed Commerce
(
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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.
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