Atb Cap Markets Downgrades Lightspeed Commerce (NYSE:LSPD) to Hold

Lightspeed Commerce (NYSE:LSPD) was downgraded by Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other analysts also recently weighed in on LSPD. Scotiabank decreased their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating for the company in a report on Tuesday. BMO Capital Markets decreased their price target on Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday. Royal Bank of Canada cut their price objective on Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday. Barclays decreased their target price on shares of Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Finally, UBS Group reduced their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Nine 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.82.

Lightspeed Commerce Stock Performance

Shares of LSPD stock opened at $9.37 on Wednesday. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -11.71, a PEG ratio of 3.03 and a beta of 2.44. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $12.63 and its 200-day moving average price is $14.73. Lightspeed Commerce has a 12 month low of $9.25 and a 12 month high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. Equities research analysts forecast that Lightspeed Commerce will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Mackenzie Financial Corp grew its holdings in shares of Lightspeed Commerce by 156.9% in the fourth quarter. Mackenzie Financial Corp now owns 360,221 shares of the company’s stock valued at $5,487,000 after acquiring an additional 220,000 shares in the last quarter. Toronto Dominion Bank grew its stake in Lightspeed Commerce by 17.6% in the 4th quarter. Toronto Dominion Bank now owns 20,477 shares of the company’s stock valued at $312,000 after purchasing an additional 3,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Lightspeed Commerce by 6.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,854 shares of the company’s stock valued at $1,871,000 after purchasing an additional 7,022 shares during the last quarter. Twinbeech Capital LP bought a new stake in shares of Lightspeed Commerce during the 4th quarter worth $261,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of Lightspeed Commerce by 165.6% in the 4th quarter. Two Sigma Advisers LP now owns 64,800 shares of the company’s stock worth $987,000 after buying an additional 40,400 shares during the last quarter. 68.68% of the stock is owned by institutional investors.

About Lightspeed Commerce

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.