Barclays Cuts Lightspeed Commerce (NYSE:LSPD) Price Target to $14.00

Lightspeed Commerce (NYSE:LSPD) had its price objective dropped by equities research analysts at Barclays from $15.00 to $14.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 14.43% from the company’s previous close.

Several other equities analysts also recently commented on the stock. National Bankshares dropped their price target on shares of Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating for the company in a research note on Thursday, October 23rd. BTIG Research reaffirmed a “buy” rating and issued a $16.00 target price on shares of Lightspeed Commerce in a report on Wednesday, November 19th. TD Securities assumed coverage on shares of Lightspeed Commerce in a report on Friday, October 3rd. They set a “hold” rating and a $13.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.66.

Lightspeed Commerce Trading Up 0.4%

Shares of LSPD stock traded up $0.05 during trading hours on Monday, hitting $12.24. The company had a trading volume of 481,904 shares, compared to its average volume of 625,045. 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 stock has a market capitalization 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. The company’s fifty day moving average is $11.90 and its 200 day moving average is $12.03. Lightspeed Commerce has a fifty-two week low of $7.34 and a fifty-two week high of $15.22.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Louisbourg Investments Inc. lifted its position in Lightspeed Commerce by 18.0% in the third quarter. Louisbourg Investments Inc. now owns 652,062 shares of the company’s stock worth $7,527,000 after buying an additional 99,357 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its stake in shares of Lightspeed Commerce by 3,784.7% during the second quarter. ANTIPODES PARTNERS Ltd now owns 1,150,227 shares of the company’s stock valued at $13,472,000 after buying an additional 1,120,618 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lightspeed Commerce by 29.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,468,872 shares of the company’s stock worth $28,948,000 after acquiring an additional 556,724 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Lightspeed Commerce by 43.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,139,300 shares of the company’s stock valued at $25,121,000 after acquiring an additional 650,200 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. bought a new stake in shares of Lightspeed Commerce during the second quarter worth $457,000. 68.68% of the stock is owned by hedge funds and other institutional investors.

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.