UBS Group Issues Pessimistic Forecast for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its price target decreased by UBS Group from $17.00 to $14.50 in a report published on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research analysts have also weighed in on LSPD. Royal Bank of Canada raised Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of Lightspeed Commerce from $20.00 to $26.00 in a report on Friday, November 8th. Barclays cut shares of Lightspeed Commerce from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $20.00 to $18.00 in a research note on Friday, January 10th. Benchmark boosted their price objective on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company cut their target price on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lightspeed Commerce currently has an average rating of “Hold” and a consensus price target of $18.39.

Lightspeed Commerce Stock Performance

Shares of LSPD opened at $13.14 on Friday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of -16.43 and a beta of 2.42. Lightspeed Commerce has a 12 month low of $11.01 and a 12 month high of $18.96. The firm has a fifty day simple moving average of $15.42 and a 200 day simple moving average of $14.99. The company has a current ratio of 6.08, a quick ratio of 5.94 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data 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 positive return on equity of 0.60% and a negative net margin of 11.75%. Research analysts forecast that Lightspeed Commerce will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Lightspeed Commerce

Large investors have recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in 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. Aigen Investment Management LP bought a new stake in shares of Lightspeed Commerce in the third quarter valued at about $225,000. Toronto Dominion Bank grew its stake in shares of Lightspeed Commerce by 153.4% in the third quarter. Toronto Dominion Bank now owns 17,408 shares of the company’s stock valued at $287,000 after acquiring an additional 10,538 shares in the last quarter. Amundi increased its position in Lightspeed Commerce by 20.5% during the fourth quarter. Amundi now owns 22,538 shares of the company’s stock worth $347,000 after acquiring an additional 3,838 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Lightspeed Commerce by 5.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company’s stock worth $370,000 after purchasing an additional 1,276 shares in the last quarter. Institutional investors own 68.68% of the company’s stock.

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.