Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its price target dropped by equities research analysts at Wells Fargo & Company from $16.00 to $13.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price would suggest a potential upside of 3.17% from the company's previous close.
Other equities research analysts have also recently issued reports about the company. TD Securities lifted their price objective on Lightspeed Commerce from $15.00 to $19.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Benchmark lifted their price target on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Barclays downgraded Lightspeed Commerce from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $20.00 to $18.00 in a report on Friday, January 10th. JPMorgan Chase & Co. lifted their price target on Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Finally, Piper Sandler reduced their target price on Lightspeed Commerce from $17.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $19.00.
Read Our Latest Stock Analysis on Lightspeed Commerce
Shares of LSPD remained flat at $12.60 during midday trading on Friday. 158,209 shares of the stock traded hands, compared to its average volume of 564,869. Lightspeed Commerce has a 1-year low of $11.01 and a 1-year high of $18.96. The company has a current ratio of 6.08, a quick ratio of 5.94 and a debt-to-equity ratio of 0.01. The company's 50-day moving average is $15.53 and its 200 day moving average is $14.99. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -14.18 and a beta of 2.43.
Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. As a group, equities research analysts expect that Lightspeed Commerce will post -0.02 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc increased its holdings in Lightspeed Commerce by 0.4% during the fourth quarter. CIBC Asset Management Inc now owns 172,182 shares of the company's stock worth $2,620,000 after buying an additional 679 shares during the last quarter. Addenda Capital Inc. increased its stake in shares of Lightspeed Commerce by 2.0% during the fourth quarter. Addenda Capital Inc. now owns 46,609 shares of the company's stock worth $710,000 after purchasing an additional 931 shares during the period. Blue Trust Inc. increased its position in Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock worth $25,000 after buying an additional 1,025 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Lightspeed Commerce by 5.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company's stock valued at $370,000 after acquiring an additional 1,276 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Lightspeed Commerce by 1.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 229,612 shares of the company's stock worth $3,497,000 after purchasing an additional 2,231 shares during the period. 68.68% of the stock is owned by institutional investors.
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.
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