Lightspeed Commerce (NYSE:LSPD) Given New $11.00 Price Target at JPMorgan Chase & Co.

Lightspeed Commerce (NYSE:LSPD) had its price objective trimmed by JPMorgan Chase & Co. from $12.00 to $11.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

Several other equities analysts have also issued reports on the company. Royal Bank Of Canada raised their price target on Lightspeed Commerce from $10.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Truist Financial boosted their price objective on Lightspeed Commerce from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, October 23rd. Morgan Stanley lowered their price objective on Lightspeed Commerce from $11.50 to $9.50 and set an “equal weight” rating for the company in a research report on Monday, September 28th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Thursday, October 15th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus 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 stock has a market capitalization of $1.33 billion, a P/E ratio of -21.01, a price-to-earnings-growth ratio of 1.60 and a beta of 1.85. The stock’s 50-day moving average price is $10.34 and its 200-day moving average price is $9.84. The company has a current ratio of 3.76, a quick ratio of 3.63 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 12-month low of $7.83 and a 12-month high of $13.72.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, November 5th. The company reported $0.17 earnings per share 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 analyst estimates of $321.09 million. During the same quarter in the previous year, the company posted $0.16 EPS. Lightspeed Commerce’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities analysts anticipate that Lightspeed Commerce will post 0.21 earnings per share for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Several institutional investors and hedge funds have recently bought and sold shares of the business. State of Wyoming purchased a new position in shares of Lightspeed Commerce during the third quarter valued at approximately $66,000. Amundi bought a new position in shares of Lightspeed Commerce during the first quarter valued at approximately $121,000. ACT Capital Partners L.P. purchased a new stake in Lightspeed Commerce in the third quarter worth $122,000. Squarepoint Ops LLC purchased a new stake in Lightspeed Commerce in the second quarter worth $128,000. Finally, Pictet Asset Management Holding SA lifted its stake in Lightspeed Commerce by 5.7% in the first quarter. Pictet Asset Management Holding SA now owns 26,557 shares of the company’s stock worth $237,000 after acquiring an additional 1,439 shares during the period. Hedge funds and other institutional investors own 68.68% of the company’s stock.

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.