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Lightspeed Commerce Inc. (NYSE:LSPD – Get Rating) reached a new 52-week low on Friday after KeyCorp lowered their price target on the stock from $25.00 to $22.00. KeyCorp currently has an overweight rating on the stock. Lightspeed Commerce traded as low as $14.54 and last traded at $14.90, with a volume of 87114 shares traded. The stock had previously closed at $14.61.
Several other analysts have also recently issued reports on LSPD. TD Securities reissued a “buy” rating and set a $35.00 price target (down previously from $40.00) on shares of Lightspeed Commerce in a research report on Friday, August 5th. Piper Sandler downgraded Lightspeed Commerce from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $32.00 to $18.00 in a report on Thursday. Truist Financial reduced their target price on Lightspeed Commerce from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, October 13th. Morgan Stanley lowered their price objective on shares of Lightspeed Commerce from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 12th. Finally, BTIG Research reduced their target price on shares of Lightspeed Commerce from $60.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 5th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.76.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors lifted its holdings 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 purchasing an additional 577 shares in the last quarter. Clear Creek Financial Management LLC grew its stake 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’s stock valued at $294,000 after buying an additional 633 shares during the period. PNC Financial Services Group Inc. lifted its position in Lightspeed Commerce by 112.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,299 shares of the company’s stock valued at $40,000 after buying an additional 688 shares in the last quarter. Natixis Advisors L.P. lifted its stake in shares of Lightspeed Commerce by 7.1% during the second quarter. Natixis Advisors L.P. now owns 10,838 shares of the company’s stock worth $242,000 after purchasing an additional 715 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in Lightspeed Commerce by 4.0% during the 2nd quarter. Advisory Services Network LLC now owns 19,706 shares of the company’s stock worth $439,000 after buying an additional 750 shares during the period. Institutional investors and hedge funds own 53.09% of the company’s stock.
Lightspeed Commerce Trading Up 2.9 %
The business’s 50 day moving average is $18.24 and its 200-day moving average is $20.32. The firm has a market cap of $2.24 billion, a P/E ratio of -6.48 and a beta of 2.35. The company has a quick ratio of 5.50, a current ratio of 5.55 and a debt-to-equity ratio of 0.01.
Lightspeed Commerce (NYSE:LSPD – Get Rating) last announced its earnings results on Thursday, August 4th. The company reported ($0.38) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.38). Lightspeed Commerce had a negative net margin of 56.06% and a negative return on equity of 5.63%. The company had revenue of $173.88 million for the quarter, compared to the consensus estimate of $168.99 million. As a group, analysts forecast that Lightspeed Commerce Inc. will post -1.31 earnings per share for the current fiscal year.
About Lightspeed Commerce
(Get Rating)
Lightspeed Commerce Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Australia, the Netherlands, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.
Read More
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