Morgan Stanley Has Lowered Expectations for Lightspeed Commerce (NYSE:LSPD) Stock Price

by · The Cerbat Gem

Lightspeed Commerce (NYSE:LSPD – Get Free Report) had its price target cut by equities research analysts at Morgan Stanley from $11.50 to $9.50 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential downside of 2.80% from the stock’s previous close.

Several other brokerages also recently issued reports on LSPD. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Friday, July 17th. Royal Bank Of Canada upped their price objective on Lightspeed Commerce from $10.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. increased their target price on Lightspeed Commerce from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Lightspeed Commerce currently has a consensus rating of “Hold” and an average target price of $11.39.

View Our Latest Stock Analysis on LSPD

Lightspeed Commerce Stock Up 0.9%

Shares of NYSE:LSPD opened at $9.77 on Monday. The company’s fifty day moving average is $10.19 and its two-hundred day moving average is $9.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.45 and a current ratio of 3.55. Lightspeed Commerce has a 1-year low of $7.83 and a 1-year high of $13.72. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -13.96, a price-to-earnings-growth ratio of 1.71 and a beta of 1.84.

Lightspeed Commerce (NYSE:LSPD – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The business had revenue of $322.70 million during the quarter, compared to the consensus estimate of $310.58 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities analysts anticipate that Lightspeed Commerce will post 0.19 EPS for the current year.

Institutional Trading of Lightspeed Commerce

Large investors have recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA raised its holdings in Lightspeed Commerce by 5.7% during the first quarter. Pictet Asset Management Holding SA now owns 26,557 shares of the company’s stock valued at $237,000 after buying an additional 1,439 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Lightspeed Commerce during the 2nd quarter worth about $128,000. ACT Capital Management LLC acquired a new position in shares of Lightspeed Commerce during the 4th quarter valued at about $151,000. TD Waterhouse Canada Inc. raised its stake in shares of Lightspeed Commerce by 28.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company’s stock valued at $642,000 after acquiring an additional 13,103 shares in the last quarter. Finally, Amundi bought a new position in shares of Lightspeed Commerce in the 1st quarter valued at approximately $121,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

About Lightspeed Commerce

(Get Free Report)

Lightspeed Commerce Inc is a Montreal-based commerce technology company that provides cloud-based point-of-sale and business management software for small and mid-sized businesses. Its platform is designed for retailers, restaurants, golf operators and other location-based businesses, helping them manage transactions, inventory, customers and day-to-day operations through integrated digital tools.

Lightspeed’s products include point-of-sale systems, payment processing, inventory and order management, e-commerce capabilities, customer loyalty and marketing tools, analytics, and integrations with accounting and other business applications.

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