Lightspeed Commerce (NYSE:LSPD) PT Lowered to $15.00 at TD Securities

Lightspeed Commerce (NYSE:LSPD) had its price target cut by TD Securities from $16.00 to $15.00 in a research report report published on Friday, BayStreet.CA reports. They currently have a hold rating on the stock.

LSPD has been the topic of several other reports. National Bankshares boosted their target price on Lightspeed Commerce from $15.00 to $16.00 and gave the company a sector perform rating in a research note on Friday, May 17th. Wells Fargo & Company dropped their price target on Lightspeed Commerce from $17.00 to $15.00 and set an equal weight rating on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. dropped their price target on Lightspeed Commerce from $17.00 to $16.00 and set a neutral rating on the stock in a research report on Friday, May 17th. BMO Capital Markets lifted their price target on Lightspeed Commerce from $19.00 to $20.00 and gave the company an outperform rating in a research report on Friday, May 17th. Finally, Royal Bank of Canada restated an outperform rating and set a $21.00 price target on shares of Lightspeed Commerce in a research report on Wednesday, May 29th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $18.28.

Lightspeed Commerce Trading Down 1.0 %

Lightspeed Commerce stock traded down $0.12 during trading hours on Friday, reaching $11.80. The company had a trading volume of 498,960 shares, compared to its average volume of 1,210,692. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.34 and a quick ratio of 6.23. The company has a 50-day moving average price of $13.99 and a 200 day moving average price of $14.35. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -10.12 and a beta of 2.33. Lightspeed Commerce has a 12-month low of $11.01 and a 12-month high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $266.10 million for the quarter, compared to analysts’ expectations of $258.58 million. Lightspeed Commerce had a negative return on equity of 0.98% and a negative net margin of 15.55%. The business’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.14) EPS. Equities analysts forecast that Lightspeed Commerce will post -0.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LSPD. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Lightspeed Commerce during the first quarter valued at $35,000. Conestoga Capital Advisors LLC purchased a new stake in Lightspeed Commerce during the first quarter valued at $141,000. Duality Advisers LP purchased a new stake in Lightspeed Commerce in the fourth quarter worth about $276,000. Addenda Capital Inc. increased its position in Lightspeed Commerce by 5.3% in the first quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock worth $560,000 after buying an additional 1,990 shares in the last quarter. Finally, Boulder Hill Capital Management LP purchased a new stake in Lightspeed Commerce in the first quarter worth about $811,000. 68.68% of the stock is owned by institutional investors.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.