BTIG Research Lowers Lightspeed Commerce (NYSE:LSPD) Price Target to $12.00

Lightspeed Commerce (NYSE:LSPD) had its price target lowered by analysts at BTIG Research from $15.00 to $12.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target suggests a potential upside of 43.28% from the company’s current price.

Several other research analysts have also recently issued reports on LSPD. Barclays dropped their price target on Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Royal Bank Of Canada dropped their price target on Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Tuesday, April 21st. Bank of America began coverage on shares of Lightspeed Commerce in a research note on Tuesday. They set an “underperform” rating and a $10.00 target price on the stock. Finally, Truist Financial cut their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Lightspeed Commerce has an average rating of “Hold” and a consensus target price of $12.82.

Lightspeed Commerce Price Performance

Shares of NYSE LSPD traded down $0.59 during trading on Thursday, hitting $8.38. The company had a trading volume of 1,371,300 shares, compared to its average volume of 940,520. The company has a market cap of $1.15 billion, a P/E ratio of -1.81, a PEG ratio of 1.70 and a beta of 1.92. Lightspeed Commerce has a 52 week low of $7.83 and a 52 week high of $14.34. The business’s 50-day moving average is $9.09 and its 200 day moving average is $10.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.44 and a current ratio of 4.52.

Institutional Trading of Lightspeed Commerce

Several large investors have recently added to or reduced their stakes in the company. Amundi acquired a new stake in Lightspeed Commerce during the 1st quarter valued at $121,000. Royal Bank of Canada grew its holdings in shares of Lightspeed Commerce by 64.4% during the 1st quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock valued at $19,950,000 after acquiring an additional 872,131 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Lightspeed Commerce by 1,221.5% during the 1st quarter. Renaissance Technologies LLC now owns 406,783 shares of the company’s stock valued at $3,645,000 after acquiring an additional 376,000 shares in the last quarter. Pale Fire Capital SE purchased a new position in shares of Lightspeed Commerce during the 1st quarter valued at $49,500,000. Finally, Louisbourg Investments Inc. grew its holdings in shares of Lightspeed Commerce by 4.1% during the 1st quarter. Louisbourg Investments Inc. now owns 672,764 shares of the company’s stock valued at $6,004,000 after acquiring an additional 26,531 shares in the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

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.