BTIG Research Has Lowered Expectations for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its target price decreased by equities researchers at BTIG Research from $16.00 to $15.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s target price points to a potential upside of 59.15% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. Barclays cut their target price on Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Thursday, January 22nd. National Bankshares lowered their target price on shares of Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating for the company in a research note on Thursday, October 23rd. TD Securities raised shares of Lightspeed Commerce to a “hold” rating in a research note on Thursday, January 15th. Finally, Zacks Research lowered shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.59.

Lightspeed Commerce Price Performance

LSPD traded down $0.68 during trading on Thursday, reaching $9.43. The company’s stock had a trading volume of 1,957,201 shares, compared to its average volume of 673,699. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -2.07, a PEG ratio of 13.27 and a beta of 2.07. The firm has a fifty day simple moving average of $11.68 and a two-hundred day simple moving average of $11.96. Lightspeed Commerce has a 1 year low of $7.34 and a 1 year high of $14.34. The company has a quick ratio of 4.58, a current ratio of 4.66 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. Lightspeed Commerce had a negative net margin of 59.16% and a positive return on equity of 0.39%. The firm had revenue of $312.35 million for the quarter, compared to analysts’ expectations of $311.28 million. During the same quarter in the previous year, the company posted $0.12 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. As a group, analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current year.

Institutional Trading of Lightspeed Commerce

Large investors have recently modified their holdings of the stock. Plato Investment Management Ltd boosted its holdings in Lightspeed Commerce by 880.0% in the fourth quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock valued at $64,000 after purchasing an additional 4,752 shares during the period. Headlands Technologies LLC purchased a new position in Lightspeed Commerce in the second quarter worth approximately $92,000. Russell Investments Group Ltd. grew its holdings in Lightspeed Commerce by 106.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock worth $122,000 after acquiring an additional 5,354 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Lightspeed Commerce in the 2nd quarter valued at approximately $156,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Lightspeed Commerce by 25.9% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,096 shares of the company’s stock valued at $165,000 after purchasing an additional 2,899 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 is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.