TD Securities Cuts Lightspeed Commerce (NYSE:LSPD) Price Target to $15.00

Lightspeed Commerce (NYSE:LSPD) had its price objective dropped by investment analysts at TD Securities from $16.00 to $15.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 25.21% from the stock’s current price.

Several other equities analysts have also issued reports on LSPD. Royal Bank of Canada reiterated an “outperform” rating and issued a $21.00 target price on shares of Lightspeed Commerce in a research note on Wednesday, May 29th. BMO Capital Markets boosted their price target on Lightspeed Commerce from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. National Bankshares boosted their price target on Lightspeed Commerce from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday, May 17th. JPMorgan Chase & Co. dropped their target price on Lightspeed Commerce from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, May 17th. Finally, Cibc World Mkts upgraded Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. Twelve investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.25.

Lightspeed Commerce Trading Down 9.0 %

Shares of NYSE:LSPD traded down $1.19 on Friday, hitting $11.98. 1,120,673 shares of the company’s stock were exchanged, compared to its average volume of 1,211,140. Lightspeed Commerce has a 12 month low of $11.82 and a 12 month high of $21.71. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of -11.06 and a beta of 2.33. The business’s 50 day simple moving average is $14.06 and its two-hundred day simple moving average is $14.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.34 and a quick ratio of 6.23.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.16. The firm had revenue of $230.22 million during the quarter, compared to the consensus estimate of $224.08 million. Lightspeed Commerce had a negative return on equity of 2.02% and a negative net margin of 18.03%. Analysts anticipate that Lightspeed Commerce will post -0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Lightspeed Commerce by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,938,501 shares of the company’s stock valued at $69,287,000 after purchasing an additional 72,890 shares in the last quarter. Triasima Portfolio Management inc. acquired a new stake in shares of Lightspeed Commerce during the 4th quarter worth about $1,653,000. Calamos Advisors LLC acquired a new stake in shares of Lightspeed Commerce during the 4th quarter worth about $2,231,000. Duality Advisers LP acquired a new stake in shares of Lightspeed Commerce during the 4th quarter worth about $276,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Lightspeed Commerce during the 4th quarter worth about $2,819,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

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.