Lightspeed Commerce (NYSE:LSPD) Given New $11.00 Price Target at National Bank Financial

Lightspeed Commerce (NYSE:LSPD) had its price objective lowered by investment analysts at National Bank Financial from $15.00 to $11.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 24.36% from the company’s previous close.

A number of other research analysts have also recently issued reports on LSPD. BTIG Research cut their price objective on Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, May 21st. UBS Group cut their price objective on Lightspeed Commerce from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, May 22nd. Truist Financial cut their price objective on Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, February 11th. Bank of America started coverage on Lightspeed Commerce in a report on Tuesday, May 19th. They set an “underperform” rating and a $10.00 price objective for the company. Finally, Stifel Nicolaus cut their price objective on Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating for the company in a report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.35.

Lightspeed Commerce Stock Performance

LSPD traded up $0.03 during trading on Wednesday, reaching $8.85. 823,619 shares of the company’s stock were exchanged, compared to its average volume of 965,336. Lightspeed Commerce has a fifty-two week low of $7.83 and a fifty-two week high of $14.34. The company has a quick ratio of 4.18, a current ratio of 4.28 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $9.05 and a 200 day moving average price of $10.31. The company has a market capitalization of $1.21 billion, a P/E ratio of -8.60, a PEG ratio of 1.88 and a beta of 1.92.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $290.80 million for the quarter, compared to the consensus estimate of $282.87 million. Lightspeed Commerce had a negative net margin of 11.77% and a positive return on equity of 0.32%. Lightspeed Commerce’s revenue was up 14.8% compared to the same quarter last year. As a group, analysts predict that Lightspeed Commerce will post 0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LSPD. Plato Investment Management Ltd raised its holdings in shares of Lightspeed Commerce by 880.0% in the fourth quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock valued at $64,000 after buying an additional 4,752 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Lightspeed Commerce in the second quarter valued at about $92,000. Amundi bought a new position in shares of Lightspeed Commerce in the first quarter valued at about $121,000. Russell Investments Group Ltd. raised its holdings in shares of Lightspeed Commerce by 106.4% in the second quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock valued at $122,000 after buying an additional 5,354 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Lightspeed Commerce in the fourth quarter valued at about $125,000. 68.68% of the stock is owned by institutional investors.

About Lightspeed Commerce

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.