Lightspeed Commerce (NYSE:LSPD) Lowered to "Sector Perform" Rating by Scotiabank

Lightspeed Commerce (NYSE:LSPD - Get Free Report) was downgraded by Scotiabank from an "outperform" rating to a "sector perform" rating in a research note issued to investors on Monday, Marketbeat reports. They presently have a $11.00 price objective on the stock, down from their previous price objective of $17.00. Scotiabank's price target would suggest a potential upside of 13.52% from the stock's current price.

A number of other brokerages have also commented on LSPD. Barclays decreased their price target on shares of Lightspeed Commerce from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Piper Sandler dropped their price target on shares of Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. UBS Group decreased their price objective on Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a report on Friday, February 7th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $9.00 target price (down previously from $10.00) on shares of Lightspeed Commerce in a report on Monday, April 14th. Finally, Bank of America cut their target price on Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $14.29.

Lightspeed Commerce Trading Down 0.3 %

LSPD stock traded down $0.03 during mid-day trading on Monday, reaching $9.69. The company's stock had a trading volume of 630,223 shares, compared to its average volume of 989,151. Lightspeed Commerce has a 12 month low of $7.34 and a 12 month high of $18.96. 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 business's 50 day moving average price is $9.98 and its 200 day moving average price is $13.65. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -12.11, a price-to-earnings-growth ratio of 3.03 and a beta of 2.52.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings data 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 positive return on equity of 0.61% and a negative net margin of 11.75%. On average, equities research analysts predict that Lightspeed Commerce will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Several large investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership increased its position in Lightspeed Commerce by 37,065.0% in the fourth 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. Ameriprise Financial Inc. bought a new position in shares of Lightspeed Commerce during the 4th quarter worth $24,334,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Lightspeed Commerce by 266.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company's stock worth $20,660,000 after acquiring an additional 986,100 shares during the last quarter. Intact Investment Management Inc. raised its stake in Lightspeed Commerce by 94.5% in the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company's stock valued at $26,031,000 after acquiring an additional 829,577 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Lightspeed Commerce by 304.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 397,752 shares of the company's stock valued at $6,061,000 after purchasing an additional 299,482 shares during the last quarter. Hedge funds and other institutional investors 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.