Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $16.00 by Analysts at Benchmark

Lightspeed Commerce (NYSE:LSPD) had its price objective lowered by analysts at Benchmark from $21.00 to $16.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s target price would suggest a potential upside of 68.87% from the company’s current price.

A number of other research analysts also recently weighed in on LSPD. Bank of America assumed coverage on shares of Lightspeed Commerce in a research report on Wednesday, February 19th. They issued a “buy” rating and a $20.00 target price for the company. UBS Group lowered their target price on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company cut their price target on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Piper Sandler cut their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Barclays lowered their price target on Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Eight 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 data from MarketBeat, Lightspeed Commerce currently has an average rating of “Moderate Buy” and a consensus price target of $17.39.

Lightspeed Commerce Trading Down 4.7 %

NYSE:LSPD opened at $9.48 on Thursday. The business’s 50-day simple moving average is $12.74 and its 200-day simple moving average is $14.77. Lightspeed Commerce has a fifty-two week low of $9.42 and a fifty-two week high of $18.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The stock has a market capitalization of $1.45 billion, a PE ratio of -11.84, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts expect that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Blue Trust Inc. raised its position in Lightspeed Commerce by 214.4% in the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after purchasing an additional 1,025 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Lightspeed Commerce by 27.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company’s stock worth $158,000 after purchasing an additional 2,168 shares during the period. Bayesian Capital Management LP bought a new stake in shares of Lightspeed Commerce in the 4th quarter valued at $165,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Lightspeed Commerce during the fourth quarter worth $256,000. Finally, Twinbeech Capital LP bought a new position in Lightspeed Commerce during the fourth quarter worth $261,000. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Company Profile

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.