Lightspeed Commerce (NYSE:LSPD) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Lightspeed Commerce (NYSE:LSPD) had its price target reduced by JPMorgan Chase & Co. from $12.00 to $11.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an underweight rating on the stock.

Other research analysts also recently issued research reports about the company. Truist Financial boosted their price target on Lightspeed Commerce from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, October 23rd. Royal Bank Of Canada increased their price objective on Lightspeed Commerce from $10.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Morgan Stanley cut their price objective on Lightspeed Commerce from $11.50 to $9.50 and set an “equal weight” rating on the stock in a research report on Monday, September 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Thursday, October 15th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Lightspeed Commerce has a consensus rating of “Hold” and a consensus target price of $11.27.

Lightspeed Commerce Trading Up 0.0%

NYSE:LSPD opened at $10.29 on Friday. The firm has a market capitalization of $1.33 billion, a P/E ratio of -21.01, a P/E/G ratio of 1.60 and a beta of 1.85. The company has a quick ratio of 3.63, a current ratio of 3.76 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $10.34 and a 200 day moving average of $9.84. Lightspeed Commerce has a 52 week low of $7.83 and a 52 week high of $13.72.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $323.79 million for the quarter, compared to analysts’ expectations of $321.09 million. Lightspeed Commerce had a negative net margin of 5.51% and a positive return on equity of 1.30%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 earnings per share. On average, research analysts predict that Lightspeed Commerce will post 0.21 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Pale Fire Capital SE grew its holdings in Lightspeed Commerce by 4.5% in the second quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company’s stock worth $60,569,000 after purchasing an additional 249,341 shares during the period. Royal Bank of Canada increased its stake in shares of Lightspeed Commerce by 64.4% during the first quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock valued at $19,950,000 after purchasing an additional 872,131 shares in the last quarter. Louisbourg Investments Inc. lifted its holdings in shares of Lightspeed Commerce by 17.0% during the third quarter. Louisbourg Investments Inc. now owns 676,164 shares of the company’s stock valued at $6,624,000 after purchasing an additional 98,184 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Lightspeed Commerce by 1,221.5% during the first quarter. Renaissance Technologies LLC now owns 406,783 shares of the company’s stock valued at $3,645,000 after purchasing an additional 376,000 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Lightspeed Commerce by 28.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company’s stock worth $642,000 after purchasing an additional 13,103 shares in the last quarter. 68.68% of the stock is owned by hedge funds and other institutional investors.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a cloud-based commerce technology company that provides point-of-sale and business management software for small and midsized businesses. Its platform is designed for retailers, restaurants, hospitality operators and golf businesses, helping them manage sales, payments, inventory, customer relationships and day-to-day operations through integrated digital tools.

Lightspeed’s products include point-of-sale systems, payment processing, e-commerce capabilities, inventory and order management, analytics, accounting integrations, customer loyalty features and tools for managing restaurants and golf courses.