Barclays Has Lowered Expectations for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its price target dropped by Barclays from $15.00 to $14.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 14.43% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. BTIG Research reissued a “buy” rating and issued a $16.00 price target on shares of Lightspeed Commerce in a report on Wednesday, November 19th. TD Securities assumed coverage on shares of Lightspeed Commerce in a research note on Friday, October 3rd. They issued a “hold” rating and a $13.00 target price for the company. National Bankshares cut their price target on shares of Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada set a $15.00 target price on Lightspeed Commerce and gave the company an “outperform” rating in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.66.

Lightspeed Commerce Stock Up 0.4%

NYSE LSPD traded up $0.05 during midday trading on Monday, hitting $12.24. 481,904 shares of the company traded hands, compared to its average volume of 625,045. The company’s 50-day simple moving average is $11.90 and its 200-day simple moving average is $12.03. Lightspeed Commerce has a 52 week low of $7.34 and a 52 week high of $15.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.66 and a quick ratio of 4.58. The company has a market cap of $1.66 billion, a PE ratio of -2.69, a price-to-earnings-growth ratio of 19.70 and a beta of 2.08.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. Lightspeed Commerce had a negative net margin of 59.16% and a positive return on equity of 0.39%. The business had revenue of $318.96 million for the quarter, compared to analysts’ expectations of $308.90 million. During the same period last year, the business earned $0.13 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. As a group, equities research analysts forecast that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Trading of Lightspeed Commerce

Hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in shares of Lightspeed Commerce in the 2nd quarter valued at $92,000. Russell Investments Group Ltd. grew its position in Lightspeed Commerce by 106.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock valued at $122,000 after acquiring an additional 5,354 shares in the last quarter. Magnetar Financial LLC acquired a new position in Lightspeed Commerce in the 2nd quarter valued at about $156,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Lightspeed Commerce by 25.9% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,096 shares of the company’s stock worth $165,000 after purchasing an additional 2,899 shares during the period. Finally, Algert Global LLC acquired a new stake in shares of Lightspeed Commerce during the third quarter worth about $295,000. Institutional investors and hedge funds 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.