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

Lightspeed Commerce (NYSE:LSPD) had its price target cut by research analysts at JPMorgan Chase & Co. from $12.00 to $11.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 6.85% from the stock’s current price.

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

Lightspeed Commerce Stock Up 0.0%

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

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

Institutional Trading of Lightspeed Commerce

Several institutional investors have recently added to or reduced their stakes in the stock. Pale Fire Capital SE raised its holdings in Lightspeed Commerce by 4.5% during the 2nd 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 last quarter. Royal Bank of Canada boosted its stake in shares of Lightspeed Commerce by 64.4% in the 1st 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 during the last quarter. Louisbourg Investments Inc. boosted its stake in shares of Lightspeed Commerce by 17.0% in the 3rd 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 increased its position 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 worth $3,645,000 after buying an additional 376,000 shares during the period. Finally, TD Waterhouse Canada Inc. increased its position in shares of Lightspeed Commerce by 28.3% during the second quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company’s stock worth $642,000 after buying an additional 13,103 shares during the period. 68.68% of the stock is currently owned by institutional investors.

About Lightspeed Commerce

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.