Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $11.00 at Truist Financial

Lightspeed Commerce (NYSE:LSPD) had its target price decreased by equities research analysts at Truist Financial from $13.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target suggests a potential upside of 25.06% from the stock’s current price.

Several other analysts also recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Thursday, January 22nd. Barclays dropped their target price on Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, January 12th. Royal Bank Of Canada decreased their price target on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. BTIG Research cut their price objective on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, National Bankshares lowered their target price on shares of Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating on the stock in a report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.33.

Lightspeed Commerce Stock Performance

Shares of LSPD stock traded down $0.45 during midday trading on Wednesday, hitting $8.80. 939,847 shares of the company were exchanged, compared to its average volume of 941,136. Lightspeed Commerce has a 52 week low of $7.34 and a 52 week high of $14.34. The firm has a market capitalization of $1.20 billion, a P/E ratio of -1.90, a PEG ratio of 11.64 and a beta of 2.07. The firm’s 50 day moving average price is $11.52 and its two-hundred day moving average price is $11.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.44 and a current ratio of 4.52.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $312.35 million during the quarter, compared to the consensus estimate of $311.28 million. During the same period last year, the business posted $0.12 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Invesco Ltd. lifted its stake in Lightspeed Commerce by 2.9% during the 2nd quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock valued at $346,000 after acquiring an additional 835 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Lightspeed Commerce by 4.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 25,118 shares of the company’s stock worth $303,000 after purchasing an additional 1,148 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Lightspeed Commerce by 15.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,902 shares of the company’s stock worth $198,000 after purchasing an additional 2,314 shares during the period. TD Waterhouse Canada Inc. raised its stake in Lightspeed Commerce by 8.5% in the second 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 in the last quarter. Finally, Plato Investment Management Ltd boosted its stake in shares of Lightspeed Commerce by 880.0% in the 4th 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 in 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.