Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $11.00 by Analysts at JPMorgan Chase & Co.

Lightspeed Commerce (NYSE:LSPD) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $12.00 to $11.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 6.85% from the company’s current price.

Several other research analysts have also recently weighed in on LSPD. Morgan Stanley lowered their price objective on Lightspeed Commerce from $11.50 to $9.50 and set an “equal weight” rating on the stock in a research report on Monday, September 28th. Truist Financial boosted their target price on shares of Lightspeed Commerce from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, October 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Thursday, October 15th. Finally, Royal Bank Of Canada upped their price target on shares of Lightspeed Commerce from $10.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.27.

Lightspeed Commerce Price Performance

Lightspeed Commerce stock opened at $10.29 on Friday. Lightspeed Commerce has a 12 month low of $7.83 and a 12 month high of $13.72. The stock’s 50 day moving average is $10.34 and its 200-day moving average is $9.84. The company has a current ratio of 3.76, a quick ratio of 3.63 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -21.01, a PEG ratio of 1.60 and a beta of 1.85.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $323.79 million during the quarter, compared to analysts’ expectations of $321.09 million. Lightspeed Commerce had a positive return on equity of 1.30% and a negative net margin of 5.51%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. Equities research analysts expect that Lightspeed Commerce will post 0.21 EPS for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Several institutional investors have recently made changes to their positions in the stock. Pale Fire Capital SE grew its position in Lightspeed Commerce by 4.5% during the second quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company’s stock worth $60,569,000 after buying an additional 249,341 shares in the last quarter. Royal Bank of Canada increased its stake in Lightspeed Commerce by 64.4% during the 1st quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock worth $19,950,000 after acquiring an additional 872,131 shares during the period. Louisbourg Investments Inc. increased its stake in Lightspeed Commerce by 17.0% during the 3rd quarter. Louisbourg Investments Inc. now owns 676,164 shares of the company’s stock worth $6,624,000 after acquiring an additional 98,184 shares during the period. Renaissance Technologies LLC increased its stake in Lightspeed Commerce by 1,221.5% during the 1st quarter. Renaissance Technologies LLC now owns 406,783 shares of the company’s stock worth $3,645,000 after acquiring an additional 376,000 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in Lightspeed Commerce by 28.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company’s stock valued at $642,000 after acquiring an additional 13,103 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors.

About Lightspeed Commerce

Lightspeed Commerce Inc is a cloud-based commerce technology company that provides point-of-sale and business management software for small and midsized businesses. Its platform is designed for retailers, restaurants, hospitality operators and golf businesses, helping them manage sales, payments, inventory, customer relationships and day-to-day operations through integrated digital tools.

Lightspeed’s products include point-of-sale systems, payment processing, e-commerce capabilities, inventory and order management, analytics, accounting integrations, customer loyalty features and tools for managing restaurants and golf courses.