Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $15.00 by Analysts at Royal Bank of Canada

Lightspeed Commerce (NYSE:LSPD) had its price target decreased by Royal Bank of Canada from $20.00 to $15.00 in a research note released on Tuesday morning, Marketbeat reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on LSPD. UBS Group reduced their target price 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. Barclays reduced their target price on Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Bank of America started coverage on Lightspeed Commerce in a research note on Wednesday, February 19th. They issued a “buy” rating and a $20.00 price target on the stock. Wells Fargo & Company reduced their price objective on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Finally, Scotiabank dropped their target price on shares of Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating on the stock in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.89.

Lightspeed Commerce Stock Up 0.9 %

Shares of Lightspeed Commerce stock opened at $10.07 on Tuesday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -12.59, a PEG ratio of 3.03 and a beta of 2.44. Lightspeed Commerce has a twelve month low of $9.88 and a twelve month high of $18.96. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $12.84 and its 200-day simple moving average is $14.80.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results 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%. Equities research analysts forecast that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Trading of Lightspeed Commerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSPD. Algert Global LLC acquired a new stake in shares of Lightspeed Commerce during the 3rd quarter worth approximately $448,000. FMR LLC lifted its position in Lightspeed Commerce by 7.1% in the third quarter. FMR LLC now owns 58,971 shares of the company’s stock worth $972,000 after purchasing an additional 3,900 shares during the period. Verition Fund Management LLC bought a new position in Lightspeed Commerce in the third quarter worth $499,000. PDT Partners LLC acquired a new stake in Lightspeed Commerce during the third quarter worth $659,000. Finally, Azora Capital LP increased its holdings in Lightspeed Commerce by 3.4% in the 3rd quarter. Azora Capital LP now owns 1,439,331 shares of the company’s stock valued at $23,735,000 after buying an additional 47,359 shares during the period. 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.