Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $13.00 at Barclays

Lightspeed Commerce (NYSE:LSPD) had its target price cut by stock analysts at Barclays from $15.00 to $13.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 38.81% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets dropped their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday. UBS Group cut their target price on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a research note on Friday, February 7th. Atb Cap Markets cut Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Benchmark cut their price objective on Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Bank of America decreased their target price on Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.68.

Lightspeed Commerce Stock Down 5.8 %

NYSE LSPD opened at $9.37 on Friday. Lightspeed Commerce has a 1-year low of $9.25 and a 1-year high of $18.96. The company 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 stock’s 50 day moving average is $12.63 and its two-hundred day moving average is $14.73. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly 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 negative net margin of 11.75% and a positive return on equity of 0.61%. Equities analysts forecast that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LSPD. Arrowstreet Capital Limited Partnership lifted its stake in Lightspeed Commerce by 37,065.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock valued at $63,688,000 after buying an additional 4,170,557 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of Lightspeed Commerce in the 4th quarter valued at about $24,334,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Lightspeed Commerce by 266.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company’s stock valued at $20,660,000 after acquiring an additional 986,100 shares during the period. Intact Investment Management Inc. boosted its stake in Lightspeed Commerce by 94.5% during the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock worth $26,031,000 after acquiring an additional 829,577 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in Lightspeed Commerce by 304.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 397,752 shares of the company’s stock valued at $6,061,000 after purchasing an additional 299,482 shares during the period. 68.68% of the stock is currently 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.