Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $17.00
Lightspeed Commerce (NYSE:LSPD – Get Free Report) had its price objective cut by investment analysts at Morgan Stanley from $18.00 to $17.00 in a research report issued on Friday, Marketbeat Ratings reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 26.30% from […] Lightspeed Commerce (NYSE:LSPD) had its price objective cut by investment analysts at Morgan Stanley from $18.00 to $17.00 in a research report. The brokerage currently has an “equal weight” rating on the stock, indicating a potential upside of 26.30% from the current price. Other equities analysts have also issued reports on LSPD, which has an average rating of “Hold” and a consensus price target of $19.65. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $ 0.23. The business had revenue of $209.09 million compared to $197.30 million, with a negative return on equity of 3.94%.
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Lightspeed Commerce (NYSE:LSPD – Get Free Report) had its price objective cut by investment analysts at Morgan Stanley from $18.00 to $17.00 in a research report issued on Friday, Marketbeat Ratings reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 26.30% from the stock’s current price.
A number of other equities analysts also recently issued reports on LSPD. Piper Sandler increased their price target on Lightspeed Commerce from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, August 4th. National Bankshares increased their price target on Lightspeed Commerce from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Barclays lowered their price objective on Lightspeed Commerce from $22.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday, October 12th. UBS Group began coverage on Lightspeed Commerce in a research report on Friday. They set a “neutral” rating and a $16.00 price target for the company. Finally, Stifel Nicolaus raised their price target on Lightspeed Commerce from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Lightspeed Commerce presently has an average rating of “Hold” and a consensus price target of $19.65.
Check Out Our Latest Stock Analysis on Lightspeed Commerce
Lightspeed Commerce (NYSE:LSPD – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.09. The business had revenue of $209.09 million for the quarter, compared to the consensus estimate of $197.30 million. Lightspeed Commerce had a negative return on equity of 3.94% and a negative net margin of 132.94%. As a group, equities research analysts anticipate that Lightspeed Commerce will post -0.63 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Lightspeed Commerce by 9.3% during the third quarter. Vanguard Group Inc. now owns 4,634,517 shares of the company’s stock worth $81,475,000 after purchasing an additional 393,711 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Lightspeed Commerce by 6.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,597,490 shares of the company’s stock valued at $77,761,000 after purchasing an additional 283,500 shares during the last quarter. FMR LLC lifted its stake in shares of Lightspeed Commerce by 1,847.9% in the 1st quarter. FMR LLC now owns 4,199,338 shares of the company’s stock valued at $63,836,000 after purchasing an additional 3,983,753 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Lightspeed Commerce by 249.8% in the 1st quarter. Royal Bank of Canada now owns 3,280,715 shares of the company’s stock valued at $99,964,000 after purchasing an additional 2,342,867 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Lightspeed Commerce by 13.3% during the 1st quarter. Wellington Management Group LLP now owns 2,645,493 shares of the company’s stock worth $40,159,000 after acquiring an additional 309,566 shares during the last quarter. Institutional investors own 51.98% of the company’s stock.
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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