JPMorgan Chase & Co. Has Lowered Expectations for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its price target reduced by investment analysts at JPMorgan Chase & Co. from $13.00 to $10.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 13.06% from the company’s current price.

A number of other research analysts have also recently commented on LSPD. BMO Capital Markets lowered their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday. UBS Group decreased their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a report on Friday, February 7th. Bank of America reduced their price objective on Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday. Benchmark reduced their price objective on Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Piper Sandler dropped their target price on Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday. Eleven equities 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.com, the company presently has an average rating of “Hold” and an average target price of $15.09.

Lightspeed Commerce Stock Down 2.7 %

Shares of Lightspeed Commerce stock traded down $0.25 during trading on Monday, hitting $8.85. 213,315 shares of the stock were exchanged, compared to its average volume of 932,850. The firm’s 50-day moving average price is $12.52 and its 200 day moving average price is $14.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. Lightspeed Commerce has a 12-month low of $8.74 and a 12-month high of $18.96. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -11.07, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. As a group, analysts forecast that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Lightspeed Commerce by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company’s stock worth $81,319,000 after buying an additional 70,324 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lightspeed Commerce by 37,065.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock worth $63,688,000 after purchasing an additional 4,170,557 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Lightspeed Commerce by 0.8% during the 4th quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company’s stock valued at $48,009,000 after purchasing an additional 24,891 shares during the last quarter. Bank of Montreal Can lifted its position in Lightspeed Commerce by 1.1% in the 4th quarter. Bank of Montreal Can now owns 2,022,590 shares of the company’s stock worth $30,803,000 after buying an additional 21,357 shares during the last quarter. Finally, Intact Investment Management Inc. grew its position in Lightspeed Commerce by 94.5% during the fourth quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock valued at $26,031,000 after acquiring an additional 829,577 shares during the last quarter. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Company Profile

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.