Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $15.00 at National Bankshares

Lightspeed Commerce (NYSE:LSPD) had its target price reduced by National Bankshares from $20.00 to $15.00 in a research note released on Thursday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Lightspeed Commerce from $19.00 to $17.00 and set a neutral rating on the stock in a research report on Friday, February 9th. Scotiabank cut their price objective on shares of Lightspeed Commerce from $22.00 to $20.00 and set a sector outperform rating on the stock in a research report on Friday, February 9th. Wells Fargo & Company cut their price objective on shares of Lightspeed Commerce from $20.00 to $17.00 and set an equal weight rating on the stock in a research report on Friday, February 9th. TD Securities downgraded shares of Lightspeed Commerce from a buy rating to a hold rating and lowered their target price for the stock from $25.00 to $17.50 in a report on Friday, February 9th. Finally, BMO Capital Markets lowered their target price on shares of Lightspeed Commerce from $21.00 to $19.00 and set an outperform rating on the stock in a report on Friday, February 9th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $18.74.

Lightspeed Commerce Trading Down 0.8 %

Shares of LSPD opened at $13.00 on Thursday. The company has a quick ratio of 6.09, a current ratio of 6.21 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a twelve month low of $12.23 and a twelve month high of $21.71. The firm’s 50 day moving average price is $13.69 and its two-hundred day moving average price is $15.71.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. The business had revenue of $239.70 million for the quarter, compared to analyst estimates of $236.31 million. Lightspeed Commerce had a negative net margin of 23.85% and a negative return on equity of 2.68%. As a group, research analysts forecast that Lightspeed Commerce will post -0.5 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Institutional investors and hedge funds have recently modified their holdings of the stock. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Lightspeed Commerce in the first quarter valued at $35,000. PNC Financial Services Group Inc. grew its stake in shares of Lightspeed Commerce by 112.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,299 shares of the company’s stock valued at $40,000 after acquiring an additional 688 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Lightspeed Commerce by 2,570.7% in the third quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company’s stock valued at $56,000 after acquiring an additional 3,856 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Lightspeed Commerce by 53.2% in the third quarter. Advisors Asset Management Inc. now owns 4,553 shares of the company’s stock valued at $64,000 after acquiring an additional 1,582 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Lightspeed Commerce by 24.1% in the second quarter. Captrust Financial Advisors now owns 2,975 shares of the company’s stock valued at $66,000 after acquiring an additional 577 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors and hedge funds.

About Lightspeed Commerce

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.