Barclays Cuts Lightspeed Commerce (NYSE:LSPD) Price Target to $11.00

Lightspeed Commerce (NYSE:LSPD) had its target price decreased by Barclays from $12.00 to $11.00 in a research report released on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

LSPD has been the topic of several other research reports. Truist Financial reduced their price target on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, February 11th. Zacks Research downgraded shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Royal Bank Of Canada cut their target price on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. TD Securities raised shares of Lightspeed Commerce to a “hold” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Lightspeed Commerce currently has a consensus rating of “Hold” and an average target price of $13.40.

Lightspeed Commerce Price Performance

Shares of NYSE LSPD opened at $9.45 on Tuesday. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $9.12 and its 200 day moving average price is $10.72. Lightspeed Commerce has a 52 week low of $8.36 and a 52 week high of $14.34. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -2.04, a PEG ratio of 1.90 and a beta of 2.05.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. Lightspeed Commerce had a negative net margin of 58.15% and a positive return on equity of 0.37%. The company had revenue of $312.35 million for the quarter, compared to the consensus estimate of $311.28 million. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, research analysts forecast that Lightspeed Commerce will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Louisbourg Investments Inc. boosted its holdings in Lightspeed Commerce by 4.1% in the 1st quarter. Louisbourg Investments Inc. now owns 672,764 shares of the company’s stock worth $6,004,000 after acquiring an additional 26,531 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Lightspeed Commerce by 5.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 26,557 shares of the company’s stock worth $237,000 after acquiring an additional 1,439 shares during the period. Purpose Unlimited Inc. purchased a new position in Lightspeed Commerce in the 4th quarter worth approximately $247,000. Mackenzie Financial Corp boosted its holdings in Lightspeed Commerce by 19.2% in the 4th quarter. Mackenzie Financial Corp now owns 149,665 shares of the company’s stock worth $1,819,000 after acquiring an additional 24,090 shares during the period. Finally, XTX Topco Ltd purchased a new position in Lightspeed Commerce in the 4th quarter worth approximately $323,000. 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.