Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $10.00 at JPMorgan Chase & Co.

Lightspeed Commerce (NYSE:LSPD) had its price target lowered by JPMorgan Chase & Co. from $13.00 to $10.00 in a research note published on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

LSPD has been the subject of several other research reports. Benchmark dropped their target price on shares of Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 27th. BMO Capital Markets dropped 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, March 27th. Atb Cap Markets lowered Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Stifel Nicolaus dropped their target price on Lightspeed Commerce from $15.00 to $12.00 and set a “hold” rating for the company in a research report on Friday. Finally, UBS Group reduced their price target on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Eleven 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.09.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock opened at $8.75 on Monday. The firm has a market cap of $1.34 billion, a PE ratio of -10.93, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 52 week low of $8.72 and a 52 week high of $18.96. The business’s fifty day simple moving average is $12.40 and its 200-day simple moving average is $14.71.

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

Institutional Investors Weigh In On Lightspeed Commerce

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp increased its holdings in Lightspeed Commerce by 156.9% in the fourth quarter. Mackenzie Financial Corp now owns 360,221 shares of the company’s stock valued at $5,487,000 after buying an additional 220,000 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Lightspeed Commerce by 17.6% during the 4th quarter. Toronto Dominion Bank now owns 20,477 shares of the company’s stock worth $312,000 after acquiring an additional 3,069 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Lightspeed Commerce by 6.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,854 shares of the company’s stock valued at $1,871,000 after acquiring an additional 7,022 shares during the last quarter. Twinbeech Capital LP acquired a new stake in shares of Lightspeed Commerce during the 4th quarter worth about $261,000. Finally, Two Sigma Advisers LP lifted its stake in Lightspeed Commerce by 165.6% during the fourth quarter. Two Sigma Advisers LP now owns 64,800 shares of the company’s stock worth $987,000 after purchasing an additional 40,400 shares during the last quarter. 68.68% of the stock is currently owned by institutional investors and hedge funds.

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.