Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $18.00 by Analysts at Bank of America

Lightspeed Commerce (NYSE:LSPD) had its price target lowered by equities researchers at Bank of America from $20.00 to $18.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 87.46% from the company’s previous close.

A number of other equities analysts have also commented on LSPD. Scotiabank cut their price target on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating for the company in a report on Tuesday. Benchmark dropped their target price on Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday. Royal Bank of Canada dropped their target price on Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday. UBS Group cut their target price on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a report on Friday, February 7th. Finally, Barclays lowered their price target on shares of Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.25.

Lightspeed Commerce Stock Down 3.4 %

Shares of Lightspeed Commerce stock traded down $0.34 during trading on Thursday, reaching $9.60. 177,763 shares of the company traded hands, compared to its average volume of 918,895. The company has a 50 day moving average price of $12.74 and a 200-day moving average price of $14.77. Lightspeed Commerce has a 1-year low of $9.42 and a 1-year 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 firm has a market capitalization of $1.47 billion, a PE ratio of -11.99, a P/E/G 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%. As a group, equities research analysts expect that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Lightspeed Commerce

A number of institutional investors have recently made changes to their positions in LSPD. Mackenzie Financial Corp raised its holdings in shares of Lightspeed Commerce by 156.9% during the fourth quarter. Mackenzie Financial Corp now owns 360,221 shares of the company’s stock valued at $5,487,000 after purchasing an additional 220,000 shares during the last quarter. Toronto Dominion Bank grew its position in Lightspeed Commerce by 17.6% in the 4th quarter. Toronto Dominion Bank now owns 20,477 shares of the company’s stock worth $312,000 after purchasing an additional 3,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Lightspeed Commerce by 6.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,854 shares of the company’s stock valued at $1,871,000 after buying an additional 7,022 shares during the last quarter. Twinbeech Capital LP bought a new position in shares of Lightspeed Commerce during the 4th quarter valued at $261,000. Finally, Two Sigma Advisers LP boosted its stake in shares of Lightspeed Commerce by 165.6% in the 4th quarter. Two Sigma Advisers LP now owns 64,800 shares of the company’s stock worth $987,000 after buying an additional 40,400 shares during the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

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.