Stifel Nicolaus Lowers Lightspeed Commerce (NYSE:LSPD) Price Target to $12.00

Lightspeed Commerce (NYSE:LSPD) had its price target cut by stock analysts at Stifel Nicolaus from $15.00 to $12.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 32.23% from the stock’s previous close.

Several other analysts have also issued reports on LSPD. Bank of America cut their price target on shares of Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley lowered their target price on Lightspeed Commerce from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday. UBS Group reduced their price target on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Atb Cap Markets cut Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Scotiabank dropped their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating for the company in a research note on Tuesday, March 25th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Lightspeed Commerce presently has a consensus rating of “Hold” and an average price target of $16.09.

Lightspeed Commerce Stock Performance

Shares of NYSE LSPD opened at $9.08 on Friday. The stock’s 50-day moving average is $12.52 and its 200 day moving average is $14.72. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -11.34, a P/E/G ratio of 3.03 and a beta of 2.44. Lightspeed Commerce has a 1-year low of $9.00 and a 1-year 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.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.03 EPS 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, sell-side analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Algert Global LLC bought a new position in shares of Lightspeed Commerce in the 3rd quarter worth approximately $448,000. FMR LLC lifted its position in Lightspeed Commerce by 7.1% during the third quarter. FMR LLC now owns 58,971 shares of the company’s stock valued at $972,000 after buying an additional 3,900 shares during the period. Verition Fund Management LLC bought a new stake in shares of Lightspeed Commerce during the 3rd quarter valued at $499,000. PDT Partners LLC bought a new position in shares of Lightspeed Commerce in the 3rd quarter worth about $659,000. Finally, Azora Capital LP lifted its position in Lightspeed Commerce by 3.4% during the 3rd quarter. Azora Capital LP now owns 1,439,331 shares of the company’s stock valued at $23,735,000 after acquiring an additional 47,359 shares during the period. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

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.