Lightspeed Commerce (NYSE:LSPD) Hits New 1-Year Low – What’s Next?

Lightspeed Commerce Inc. (NYSE:LSPD) shares reached a new 52-week low during trading on Monday . The company traded as low as $7.34 and last traded at $7.40, with a volume of 112660 shares trading hands. The stock had previously closed at $7.86.

Analysts Set New Price Targets

LSPD has been the subject of a number of recent analyst reports. Atb Cap Markets lowered shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 26th. UBS Group decreased their target price on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a research report on Friday, February 7th. Barclays cut their price target on Lightspeed Commerce from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Bank of America dropped their target price on shares of Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Lightspeed Commerce from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, March 31st. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.09.

Lightspeed Commerce Stock Performance

The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -10.10, a P/E/G ratio of 3.03 and a beta of 2.52. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $11.90 and a 200 day moving average price of $14.58.

Lightspeed Commerce (NYSE:LSPD) last announced 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 negative net margin of 11.75% and a positive return on equity of 0.61%. On average, analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of institutional investors have recently added to or reduced their stakes in LSPD. Blue Trust Inc. boosted its holdings in Lightspeed Commerce by 214.4% in the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after purchasing an additional 1,025 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Lightspeed Commerce by 27.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company’s stock worth $158,000 after acquiring an additional 2,168 shares during the period. Bayesian Capital Management LP bought a new position in Lightspeed Commerce in the fourth quarter worth about $165,000. Susquehanna Fundamental Investments LLC acquired a new position in Lightspeed Commerce in the fourth quarter valued at approximately $256,000. Finally, Twinbeech Capital LP bought a new position in shares of Lightspeed Commerce during the fourth quarter valued at approximately $261,000. Institutional investors and hedge funds own 68.68% of the company’s stock.

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.