UBS Group Cuts Lightspeed Commerce (NYSE:LSPD) Price Target to $14.50

Lightspeed Commerce (NYSE:LSPD) had its price objective dropped by UBS Group from $17.00 to $14.50 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 13.01% from the stock’s current price.

LSPD has been the subject of a number of other reports. Royal Bank of Canada upgraded shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research report on Friday, November 8th. Barclays cut shares of Lightspeed Commerce from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $20.00 to $18.00 in a research report on Friday, January 10th. TD Securities upped their price objective on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. Finally, Piper Sandler lowered their price objective on shares of Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lightspeed Commerce currently has a consensus rating of “Hold” and an average target price of $18.75.

Lightspeed Commerce Price Performance

Shares of Lightspeed Commerce stock traded up $0.23 on Friday, reaching $12.83. 461,444 shares of the stock were exchanged, compared to its average volume of 577,668. The firm’s 50 day moving average is $15.53 and its 200-day moving average is $14.99. Lightspeed Commerce has a one year low of $11.01 and a one year high of $18.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.94 and a current ratio of 6.08. The firm has a market cap of $1.95 billion, a PE ratio of -14.42 and a beta of 2.43.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. As a group, analysts anticipate that Lightspeed Commerce will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its stake in Lightspeed Commerce by 29.1% during the third quarter. State Street Corp now owns 353,472 shares of the company’s stock worth $5,829,000 after acquiring an additional 79,696 shares in the last quarter. Intact Investment Management Inc. boosted its stake in Lightspeed Commerce by 10,117.5% during the third quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock worth $14,473,000 after acquiring an additional 869,090 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Lightspeed Commerce in the third quarter valued at $499,000. Westfield Capital Management Co. LP lifted its stake in shares of Lightspeed Commerce by 30.0% in the third quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock valued at $54,838,000 after buying an additional 766,688 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Lightspeed Commerce by 226.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,500 shares of the company’s stock valued at $6,108,000 after buying an additional 256,900 shares in the last quarter. 68.68% of the stock is 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.