Barclays lowers Lightspeed Commerce (NYSE:LSPD) price target to $20.00

Lightspeed Commerce (NYSE: LSPD – Get a review) saw its price target lowered by Barclays analysts from $27.00 to $20.00 in a research report on Friday, reports The Fly. Barclays’ price target indicates a potential upside of 36.89% from the company’s current price.

LSPD has been the subject of a number of other reports. KeyCorp cut its price target on shares of Lightspeed Commerce from $30.00 to $25.00 and set an “overweight” rating on the stock in a Thursday, July 21 research report. Morgan Stanley lowered its price target on Lightspeed Commerce from $31.00 to $28.00 and set an “equal weight” rating for the company in a Tuesday, July 12 research note. TD Securities reissued a “buy” rating and set a price target of $35.00 (from $40.00 previously) on shares of Lightspeed Commerce in a Friday, August 5 research note. Truist Financial lowered its price target on Lightspeed Commerce from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, October 13. Finally, Piper Sandler downgraded Lightspeed Commerce from an “overweight” rating to a “neutral” rating and lowered its price target for the company from $32.00 to $18.00 in a research note on Thursday. Three equity research analysts gave the stock a hold rating and thirteen gave the stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.94.

Lightspeed Commerce shares down 18.6%

LSPD stock opened at $14.61 on Friday. The company has a current ratio of 5.55, a quick ratio of 5.50 and a debt ratio of 0.01. The company’s 50-day moving average is $18.24 and its 200-day moving average is $20.32. The stock has a market capitalization of $2.18 billion, a price-earnings ratio of -6.30 and a beta of 2.35. Lightspeed Commerce has a 1-year minimum of $14.55 and a 1-year maximum of $76.45.

Lightspeed Commerce (NYSE:LSPD – Get Rating) last released its quarterly results on Thursday, August 4. The company reported ($0.38) EPS for the quarter, meeting analyst consensus estimates of ($0.38). Lightspeed Commerce had a negative net margin of 56.06% and a negative return on equity of 5.63%. The company posted revenue of $173.88 million for the quarter, versus $168.99 million expected by analysts. Sell-side analysts expect Lightspeed Commerce to post EPS of -1.31 for the current fiscal year.

Institutional investors weigh in on Lightspeed Commerce

Several large investors have recently bought and sold shares of LSPD. Upfront Ventures Management LLC bought a new position in Lightspeed Commerce in the second quarter worth approximately $8,141,000. Addenda Capital Inc. increased its position in Lightspeed Commerce by 95.7% in the second quarter. Addenda Capital Inc. now owns 23,303 shares of the company worth $669,000 after purchasing an additional 11,398 shares in the last quarter. The Bank of Nova Scotia increased its position in Lightspeed Commerce by 4.9% in the first quarter. The Bank of Nova Scotia now owns 162,786 shares of the company worth $4,965,000 after purchasing an additional 7,601 shares in the last quarter. Clear Creek Financial Management LLC increased its position in shares of Lightspeed Commerce by 7.0% during the 1st quarter. Clear Creek Financial Management LLC now owns 9,657 shares of the company valued at $294,000 after purchasing an additional 633 shares last quarter. Finally, the Swiss National Bank increased its position in shares of Lightspeed Commerce by 16.9% during the 1st quarter. The Swiss National Bank now owns 493,000 shares of the company valued at $15,021,000 after buying an additional 71,200 shares last quarter. 53.09% of the shares are currently held by institutional investors.

About Lightspeed Commerce

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Lightspeed Commerce Inc provides a software-as-a-service (SaaS) platform enabling commerce for small and medium-sized businesses, retailers, restaurants, and golf course operators in Canada, United States, Australia, Netherlands and abroad. Its SaaS platform allows clients to interact with consumers, manage operations, accept payments, and more.

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Analyst Recommendations for Lightspeed Commerce (NYSE: LSPD)

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