Lightspeed Commerce (NYSE:LSPD) Given New $15.00 Price Target at Barclays

Lightspeed Commerce (NYSE:LSPD) had its target price decreased by Barclays from $18.00 to $15.00 in a research report sent to investors on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Benchmark lifted their target price on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Piper Sandler cut their price target on shares of Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday. UBS Group decreased their price objective on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a report on Friday. Scotiabank cut their target price on Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.39.

Lightspeed Commerce Stock Up 4.3 %

Shares of LSPD opened at $13.14 on Friday. 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 has a 52 week low of $11.01 and a 52 week high of $18.96. The stock has a fifty day moving average of $15.53 and a 200-day moving average of $14.99.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, February 6th. The company reported $0.03 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 0.60%. As a group, research analysts forecast that Lightspeed Commerce will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Several institutional investors have recently bought and sold shares of LSPD. Blue Trust Inc. boosted its position in Lightspeed Commerce by 214.4% in the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after purchasing an additional 1,025 shares during the last quarter. Aigen Investment Management LP bought a new position in Lightspeed Commerce during the third quarter valued at $225,000. Toronto Dominion Bank increased its position in Lightspeed Commerce by 153.4% in the third quarter. Toronto Dominion Bank now owns 17,408 shares of the company’s stock worth $287,000 after buying an additional 10,538 shares during the last quarter. Amundi raised its stake in shares of Lightspeed Commerce by 20.5% in the fourth quarter. Amundi now owns 22,538 shares of the company’s stock valued at $347,000 after buying an additional 3,838 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Lightspeed Commerce by 5.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company’s stock valued at $370,000 after buying an additional 1,276 shares during 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.