Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $12.00 at BMO Capital Markets

Lightspeed Commerce (NYSE:LSPD) had its price objective cut by stock analysts at BMO Capital Markets from $13.00 to $12.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 40.27% from the company’s previous close.

LSPD has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Tuesday, April 21st. Bank of America assumed coverage on Lightspeed Commerce in a report on Tuesday, May 19th. They set an “underperform” rating and a $10.00 target price for the company. Morgan Stanley dropped their target price on Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating for the company in a report on Friday. Stifel Nicolaus dropped their target price on Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating for the company in a report on Friday. Finally, Royal Bank Of Canada dropped 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. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.50.

Lightspeed Commerce Stock Performance

Lightspeed Commerce stock traded down $0.01 during mid-day trading on Monday, hitting $8.56. 1,513,030 shares of the company’s stock traded hands, compared to its average volume of 1,203,846. The firm has a 50 day simple moving average of $9.06 and a two-hundred day simple moving average of $10.35. Lightspeed Commerce has a fifty-two week low of $7.83 and a fifty-two week high of $14.34. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -8.31, a P/E/G ratio of 1.88 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 (NYSE:LSPD) last announced its quarterly earnings results 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 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 analyst estimates of $282.87 million. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, research analysts expect that Lightspeed Commerce will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Amundi bought a new stake in shares of Lightspeed Commerce during the first quarter worth about $121,000. Royal Bank of Canada grew its holdings in shares of Lightspeed Commerce by 64.4% during the first quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock worth $19,950,000 after purchasing an additional 872,131 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Lightspeed Commerce by 1,221.5% during the first quarter. Renaissance Technologies LLC now owns 406,783 shares of the company’s stock worth $3,645,000 after purchasing an additional 376,000 shares during the last quarter. Pale Fire Capital SE bought a new stake in shares of Lightspeed Commerce during the first quarter worth about $49,500,000. Finally, Louisbourg Investments Inc. grew its holdings in shares of Lightspeed Commerce by 4.1% during the first quarter. Louisbourg Investments Inc. now owns 672,764 shares of the company’s stock worth $6,004,000 after purchasing an additional 26,531 shares during the last quarter. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Company Profile

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.