Truist Financial Has Lowered Expectations for Lightspeed Commerce (NYSE:LSPD) Stock Price

Lightspeed Commerce (NYSE:LSPD) had its price objective lowered by Truist Financial from $11.00 to $10.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price target indicates a potential upside of 8.25% from the company’s current price.

Several other research firms have also issued reports on LSPD. BTIG Research dropped their price objective on shares of Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Tuesday, April 21st. Scotiabank dropped their price objective on shares of Lightspeed Commerce from $12.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday. Bank of America initiated coverage on shares of Lightspeed Commerce in a research report on Tuesday, May 19th. They issued an “underperform” rating and a $10.00 price objective for the company. Finally, Stifel Nicolaus reduced their target price on shares of Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, May 22nd. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.27.

Lightspeed Commerce Trading Up 4.3%

Shares of LSPD traded up $0.38 during mid-day trading on Thursday, hitting $9.24. The company had a trading volume of 702,650 shares, compared to its average volume of 965,812. The business’s 50-day simple moving average is $9.05 and its 200-day simple moving average is $10.28. The company has a quick ratio of 4.18, a current ratio of 4.28 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 1-year low of $7.83 and a 1-year high of $14.34. The stock has a market cap of $1.27 billion, a PE ratio of -8.97, a P/E/G ratio of 1.94 and a beta of 1.92.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data 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 positive return on equity of 0.32% and a negative net margin of 11.77%.The business had revenue of $290.80 million during the quarter, compared to analyst estimates of $282.87 million. Lightspeed Commerce’s quarterly revenue was up 14.8% compared to the same quarter last year. Sell-side analysts forecast that Lightspeed Commerce will post 0.26 earnings per share for the current year.

Institutional Trading of Lightspeed Commerce

A number of large investors have recently modified their holdings of LSPD. Amundi bought a new position in Lightspeed Commerce in the 1st quarter valued at about $121,000. Royal Bank of Canada boosted its holdings in shares of Lightspeed Commerce by 64.4% in the first quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock worth $19,950,000 after buying an additional 872,131 shares during the period. Renaissance Technologies LLC increased its position in shares of Lightspeed Commerce by 1,221.5% in the first quarter. Renaissance Technologies LLC now owns 406,783 shares of the company’s stock worth $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 in the first quarter worth approximately $49,500,000. Finally, Louisbourg Investments Inc. increased its position in shares of Lightspeed Commerce by 4.1% in the first quarter. Louisbourg Investments Inc. now owns 672,764 shares of the company’s stock worth $6,004,000 after acquiring an additional 26,531 shares in the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

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.