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Lightspeed POS (NASDAQ:LSPD) had its price target dropped by investment analysts at KeyCorp from $100.00 to $40.00 in a research report issued to clients and investors on Tuesday, The Fly reports. KeyCorp’s target price would suggest a potential upside of 31.84% from the company’s previous close.
Several other equities analysts have also weighed in on the company. Truist Financial reduced their price objective on Lightspeed POS from $100.00 to $75.00 and set a “buy” rating for the company in a report on Monday, January 10th. Scotiabank raised Lightspeed POS from a “sector perform” rating to a “sector outperform” rating and cut their price target for the stock from $121.00 to $103.00 in a report on Friday, November 5th. TD Securities raised Lightspeed POS to a “buy” rating in a report on Friday, November 5th. CIBC cut their price target on Lightspeed POS from C$190.00 to C$125.00 and set an “outperform” rating for the company in a report on Friday, November 5th. Finally, Barclays cut their price target on Lightspeed POS from $123.00 to $57.00 in a report on Wednesday, January 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $92.25.
Shares of NASDAQ LSPD opened at $30.34 on Tuesday. The stock has a fifty day simple moving average of $43.99 and a two-hundred day simple moving average of $78.10. Lightspeed POS has a 1-year low of $26.14 and a 1-year high of $130.02. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of -19.70 and a beta of 3.95. The company has a current ratio of 8.54, a quick ratio of 8.52 and a debt-to-equity ratio of 0.02.
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Lightspeed POS (NASDAQ:LSPD) last announced its quarterly earnings data on Thursday, November 4th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. Lightspeed POS had a negative return on equity of 3.30% and a negative net margin of 49.63%. The business had revenue of $133.20 million during the quarter, compared to analyst estimates of $124.17 million. During the same period in the prior year, the company earned ($0.20) earnings per share. Lightspeed POS’s revenue was up 192.7% compared to the same quarter last year. Analysts forecast that Lightspeed POS will post -0.55 EPS for the current year.
Several hedge funds have recently modified their holdings of the stock. Evolution Wealth Advisors LLC purchased a new stake in Lightspeed POS during the third quarter valued at about $25,000. Liberty Wealth Management LLC purchased a new stake in Lightspeed POS during the third quarter valued at about $29,000. Winch Advisory Services LLC purchased a new stake in Lightspeed POS during the third quarter valued at about $41,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Lightspeed POS during the second quarter valued at about $42,000. Finally, Gulf International Bank UK Ltd purchased a new stake in Lightspeed POS during the fourth quarter valued at about $31,000. Institutional investors own 54.45% of the company’s stock.
About Lightspeed POS
Lightspeed POS 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, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.
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