Lightspeed Commerce (NYSE:LSPD) Cut to Hold at Atb Cap Markets

Atb Cap Markets lowered shares of Lightspeed Commerce (NYSE:LSPD) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. Bank of America decreased their price target on Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their target price on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. 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 research report on Tuesday. BMO Capital Markets cut their price target on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Scotiabank lowered their price objective on shares of Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating for the company in a research note on Tuesday. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $16.09.

Lightspeed Commerce Price Performance

Shares of NYSE LSPD opened at $9.08 on Wednesday. The firm has a 50-day simple moving average of $12.52 and a 200-day simple moving average of $14.71. 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 market capitalization of $1.39 billion, a price-to-earnings ratio of -11.34, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. Lightspeed Commerce has a 52 week low of $9.00 and a 52 week high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last issued 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 positive return on equity of 0.61% and a negative net margin of 11.75%. On average, equities analysts predict that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc boosted its holdings in Lightspeed Commerce by 0.4% in the fourth quarter. CIBC Asset Management Inc now owns 172,182 shares of the company’s stock valued at $2,620,000 after purchasing an additional 679 shares in the last quarter. Addenda Capital Inc. lifted its position in shares of Lightspeed Commerce by 2.0% during the 4th quarter. Addenda Capital Inc. now owns 46,609 shares of the company’s stock worth $710,000 after buying an additional 931 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after buying an additional 1,025 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Lightspeed Commerce by 5.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company’s stock worth $370,000 after acquiring an additional 1,276 shares in the last quarter. Finally, Scotia Capital Inc. boosted its stake in Lightspeed Commerce by 12.0% in the fourth quarter. Scotia Capital Inc. now owns 19,225 shares of the company’s stock valued at $293,000 after acquiring an additional 2,053 shares in the last quarter. Hedge funds and other institutional investors 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.