2 weeks Ago By ABMN Staff
Lightspeed Commerce ( NYSE:LSPD – Free Report ) had its price target lowered by Benchmark from $21.00 to $16.00 in a research note issued to investors on Thursday, Benzinga reports.
The firm currently has a buy rating on the stock. Other equities research analysts also recently issued reports about the stock. Piper Sandler dropped their price objective on shares of Lightspeed Commerce from $13.
00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday. Barclays dropped their target price on Lightspeed Commerce from $18.
00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. UBS Group decreased their price target on Lightspeed Commerce from $17.
00 to $14.50 and set a “neutral” rating for the company in a report on Friday, February 7th. Scotiabank dropped their price objective on Lightspeed Commerce from $19.
00 to $17.00 and set a “sector outperform” rating on the stock in a report on Tuesday, March 25th. Finally, Royal Bank of Canada cut their target price on Lightspeed Commerce from $20.
00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock.
According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.09. View Our Latest Stock Analysis on LSPD Lightspeed Commerce Stock Down 3.
1 % Lightspeed Commerce ( NYSE:LSPD – Get Free Report ) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.
10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.
61% and a negative net margin of 11.75%. As a group, equities analysts expect that Lightspeed Commerce will post 0.
08 earnings per share for the current fiscal year. Institutional Trading of Lightspeed Commerce Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc.
lifted its stake in shares of Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc.
now owns 1,503 shares of the company’s stock worth $25,000 after acquiring an additional 1,025 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.
raised its holdings in Lightspeed Commerce by 27.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co.
Ltd. now owns 10,073 shares of the company’s stock worth $158,000 after purchasing an additional 2,168 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Lightspeed Commerce in the fourth quarter valued at about $165,000.
Susquehanna Fundamental Investments LLC purchased a new stake in Lightspeed Commerce in the 4th quarter valued at approximately $256,000. Finally, Twinbeech Capital LP purchased a new stake in Lightspeed Commerce in the 4th quarter valued at approximately $261,000. 68.
68% of the stock is owned by hedge funds and other institutional investors. Lightspeed Commerce Company Profile ( Get Free Report ) 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.
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