Barclays Cuts Lightspeed Commerce (NYSE:LSPD) Price Target to $14.00

Lightspeed Commerce (NYSE:LSPD) had its price objective reduced by Barclays from $15.00 to $14.00 in a report issued on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other research analysts have also recently commented on the company. Zacks Research raised Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. National Bankshares lowered their price objective on Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 23rd. Royal Bank Of Canada set a $15.00 price objective on shares of Lightspeed Commerce and gave the company an “outperform” rating in a report on Wednesday, September 17th. TD Securities started coverage on shares of Lightspeed Commerce in a research note on Friday, October 3rd. They issued a “hold” rating and a $13.00 target price for the company. Finally, BTIG Research restated a “buy” rating and set a $16.00 price target on shares of Lightspeed Commerce in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.66.

Lightspeed Commerce Price Performance

Shares of NYSE LSPD opened at $11.64 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.58 and a current ratio of 4.66. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -2.56, a PEG ratio of 19.22 and a beta of 2.08. The firm’s 50-day simple moving average is $11.92 and its 200 day simple moving average is $12.03. Lightspeed Commerce has a fifty-two week low of $7.34 and a fifty-two week high of $15.22.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. Lightspeed Commerce had a negative net margin of 59.16% and a positive return on equity of 0.39%. The company had revenue of $318.96 million during the quarter, compared to the consensus estimate of $308.90 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, research analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in Lightspeed Commerce by 2.9% during the second quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock valued at $346,000 after purchasing an additional 835 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Lightspeed Commerce by 25.9% in the second 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. TD Waterhouse Canada Inc. increased its holdings in Lightspeed Commerce by 8.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 43,231 shares of the company’s stock valued at $502,000 after purchasing an additional 3,401 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Lightspeed Commerce by 13.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,615 shares of the company’s stock valued at $458,000 after acquiring an additional 4,769 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Lightspeed Commerce by 106.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock valued at $122,000 after purchasing an additional 5,354 shares in the last quarter. 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.