Lightspeed Commerce (NYSE:LSPD) Given New $10.00 Price Target at UBS Group

Lightspeed Commerce (NYSE:LSPDFree Report) had its price objective reduced by UBS Group from $11.00 to $10.00 in a research report report published on Friday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities analysts also recently issued reports about the stock. Morgan Stanley reduced their price objective on shares of Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating for the company in a research note on Friday. Truist Financial lowered their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Tuesday, April 21st. Barclays lowered their target price on shares of Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Finally, Benchmark reduced their price target on shares of Lightspeed Commerce from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lightspeed Commerce currently has an average rating of “Hold” and an average price target of $11.63.

View Our Latest Research Report on LSPD

Lightspeed Commerce Stock Performance

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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSPD. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Lightspeed Commerce by 28.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,752,669 shares of the company’s stock valued at $31,778,000 after purchasing an additional 613,369 shares during the period. Aviso Financial Inc. bought a new stake in Lightspeed Commerce in the 3rd quarter worth $784,000. Spark Investment Management LLC bought a new stake in Lightspeed Commerce in the 3rd quarter worth $900,000. State of Wyoming purchased a new stake in shares of Lightspeed Commerce in the 4th quarter worth about $425,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Lightspeed Commerce in the 4th quarter worth about $3,953,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Lightspeed Commerce News Roundup

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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