Lightspeed Commerce (NYSE:LSPD) Given New $10.00 Price Target at Stifel Nicolaus

Lightspeed Commerce (NYSE:LSPDFree Report) had its target price decreased by Stifel Nicolaus from $12.00 to $10.00 in a report published on Friday,BayStreet.CA reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other brokerages also recently commented on LSPD. BTIG Research lowered their price objective on Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday. Truist Financial reduced their target price on Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, February 11th. Barclays reduced their target price on Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Royal Bank Of Canada reduced their target price on Lightspeed Commerce from $13.00 to $10.00 and set an “outperform” rating for the company in a report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.63.

Get Our Latest Stock Analysis on Lightspeed Commerce

Lightspeed Commerce Stock Performance

NYSE LSPD opened at $8.56 on Friday. The business’s 50-day simple moving average is $9.06 and its 200-day simple moving average is $10.36. The firm has a market capitalization of $1.17 billion, a P/E ratio of -8.31, a P/E/G ratio of 1.84 and a beta of 1.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 4.44. Lightspeed Commerce has a 1-year low of $7.83 and a 1-year high of $14.34.

Lightspeed Commerce (NYSE:LSPDGet Free Report) last posted its quarterly earnings data on Thursday, May 21st. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Lightspeed Commerce had a positive return on equity of 0.32% and a negative net margin of 11.77%.The business had revenue of $290.80 million for the quarter, compared to analysts’ expectations of $282.87 million. The business’s revenue was up 14.8% on a year-over-year basis. Equities analysts predict that Lightspeed Commerce will post 0.26 EPS for the current year.

Institutional Trading of Lightspeed Commerce

A number of hedge funds have recently made changes to their positions in the business. Invesco Ltd. lifted its position in shares of Lightspeed Commerce by 2.9% in the second quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock valued at $346,000 after buying an additional 835 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in Lightspeed Commerce by 4.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 25,118 shares of the company’s stock valued at $303,000 after acquiring an additional 1,148 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Lightspeed Commerce by 15.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,902 shares of the company’s stock valued at $198,000 after acquiring an additional 2,314 shares in the last quarter. Swiss National Bank increased its stake in shares of Lightspeed Commerce by 1.6% in the 4th quarter. Swiss National Bank now owns 246,200 shares of the company’s stock valued at $2,977,000 after purchasing an additional 3,900 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in Lightspeed Commerce by 10.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 47,580 shares of the company’s stock worth $554,000 after acquiring an additional 4,349 shares during the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Lightspeed Commerce

Here are the key news stories impacting Lightspeed Commerce this week:

Lightspeed Commerce Company Profile

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Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.

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Analyst Recommendations for Lightspeed Commerce (NYSE:LSPD)

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