Jefferies Financial Group cut their price target on Lightspeed Commerce (NYSE:LSPD) to $20.00

Lightspeed Commerce (NYSE:LSPD – Free Report) Its price objective was decreased by Jefferies Financial Group from $22.00 to $20.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the stock.

LSPD has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their price target on Lightspeed Commerce from $15.00 to $14.00 and set a neutral rating for the company in a research note on Tuesday. Bank of America boosted their price target on Lightspeed Commerce from $19.00 to $20.00 and gave the stock a neutral rating in a report on Friday, May 17th. Scotiabank boosted their price objective on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a sector perform rating in a report on Friday, May 17th. TD Securities cut their price target on shares of Lightspeed Commerce from $16.00 to $15.00 and set a hold rating on the stock in a report on Friday, August 2nd. Finally, National Bankshares upped their target price on shares of Lightspeed Commerce from $15.00 to $16.00 and gave the stock a sector perform rating in a research report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $18.56.

Read our latest analysis of LSPD

Lightspeed Commerce Price Performance

NYSE LSPD opened at $13.29 on Wednesday. The company has a 50-day moving average price of $13.44 and a 200-day moving average price of $13.85. Lightspeed Commerce has a 52 week low of $11.01 and a 52 week high of $21.71. The company has a quick ratio of 6.23, a current ratio of 6.34, and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.04 billion, a P/E ratio of -12.42 and a beta of 2.33.

Lightspeed Commerce (NYSE:LSPD – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Lightspeed Commerce had a negative net margin of 15.55% and a negative return on equity of 0.98%. The business had revenue of $266.10 million for the quarter, compared to the consensus estimate of $258.58 million. During the same period last year, the company earned ($0.14) earnings per share. The company’s quarterly revenue was up 27.3% year over year. equities research analysts anticipate that Lightspeed Commerce will post -0.39 earnings per share for the current year.

Institutional inputs and outputs

Institutional investors have recently made changes to their positions in the business. Susquehanna Fundamental Investments LLC purchased a new stake in Lightspeed Commerce in the second quarter valued at approximately $956,000. Mackenzie Financial Corp boosted its holdings in Lightspeed Commerce by 6.4% during the second quarter. Mackenzie Financial Corp now owns 194,494 shares of the company’s stock valued at $2,659,000 after buying an additional 11,740 shares during the period. The Manufacturers Life Insurance Company raised its position in Lightspeed Commerce by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 114,808 shares of the company’s stock worth $1,567,000 after buying an additional 2,459 shares during the last quarter. Toronto Dominion Bank raised its stake in Lightspeed Commerce by 102.8% during the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock worth $94,000 after purchasing an additional 3,482 shares during the period. Finally, Marshall Wace LLP raised its position in Lightspeed Commerce by 306.5% during the second quarter. Marshall Wace LLP now owns 807,219 shares of the company’s stock valued at $11,051,000 after purchasing an additional 608,661 shares in the last quarter. Institutional investors own 68.68% of the company’s shares.

About Lightspeed Commerce

(Get a free report)

Lightspeed Commerce Inc is engaged in the sale of software subscriptions and cloud-based payment solutions to small and medium-sized businesses, retailers, restaurants and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand and international level. The Software as a Service platform enables customers to interact with consumers, manage operations, accept payments, etc.

Featured stories

Get news and reviews for Lightspeed Commerce Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lightspeed Commerce and related companies with MarketBeat.com ‘s FREE daily email newsletter.