BMO Capital Markets Issues Pessimistic Forecast for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its target price trimmed by BMO Capital Markets from $15.00 to $14.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research firms have also weighed in on LSPD. Wells Fargo & Company lowered 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, February 7th. Royal Bank of Canada dropped their price objective on shares of Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday. Bank of America decreased their target price on Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday. Barclays dropped their price target on Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Finally, Piper Sandler reduced their price objective on Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.82.

Lightspeed Commerce Price Performance

LSPD opened at $9.37 on Thursday. The company has a market capitalization of $1.43 billion, a P/E ratio of -11.71, a PEG ratio of 3.03 and a beta of 2.44. The company has a 50-day moving average of $12.63 and a 200-day moving average of $14.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. Lightspeed Commerce has a 1-year low of $9.25 and a 1-year high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp grew its holdings in shares of Lightspeed Commerce by 156.9% during the 4th quarter. Mackenzie Financial Corp now owns 360,221 shares of the company’s stock valued at $5,487,000 after acquiring an additional 220,000 shares in the last quarter. Toronto Dominion Bank grew its stake in Lightspeed Commerce by 17.6% in the fourth quarter. Toronto Dominion Bank now owns 20,477 shares of the company’s stock valued at $312,000 after purchasing an additional 3,069 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 worth $1,871,000 after purchasing an additional 7,022 shares during the last quarter. Twinbeech Capital LP purchased a new stake in shares of Lightspeed Commerce during the 4th quarter worth about $261,000. Finally, Two Sigma Advisers LP lifted its holdings in shares of Lightspeed Commerce by 165.6% during the 4th quarter. Two Sigma Advisers LP now owns 64,800 shares of the company’s stock valued at $987,000 after buying an additional 40,400 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

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.