Lightspeed Commerce Downgraded by Atb Cap Markets

On Wednesday, analysts at Atb Cap Markets downgraded Lightspeed Commerce (NYSE:LSPD) from a "strong-buy" rating to a "hold" rating, according to a research report shared with clients and investors.

Recent Analyst Ratings for Lightspeed Commerce

Several other research firms have also provided updates on Lightspeed Commerce. Barclays reduced their price target for the stock from $18.00 to $15.00, assigning an "equal weight" rating in a report released on February 7th. Similarly, Scotiabank lowered their price target from $19.00 to $17.00 and maintained a "sector outperform" rating. BMO Capital Markets decreased their target from $15.00 to $14.00, giving the stock an "outperform" rating, while UBS Group set their target at $14.50 after adjusting it down from $17.00, giving it a "neutral" rating. Piper Sandler also cut their target from $13.00 to $11.00 with a "neutral" rating. In total, nine analysts rated the stock as a hold, six rated it as a buy, and one granted a strong buy rating. As per MarketBeat, the consensus rating stands at "Moderate Buy" with an average target price of $16.82.

Current Trading Performance of Lightspeed Commerce

On Wednesday, Lightspeed Commerce shares opened at $9.37. The company's stocks have seen a fifty-two week low of $9.25 and a high of $18.96. The 50-day simple moving average is $12.63, while the 200-day simple moving average is $14.73. The company has a market capitalization of $1.43 billion, a debt-to-equity ratio of 0.01, a current ratio of 6.10, and a quick ratio of 5.99. Notably, the stock has a negative price-to-earnings (PE) ratio of -11.71 and a price-to-earnings growth (PEG) ratio of 3.03.

Recent Earnings Report

Lightspeed Commerce released its quarterly earnings results on February 6th, reporting earnings per share (EPS) of $0.03, which was lower than the consensus estimate of $0.10 by $0.07. The company has a negative net margin of 11.75% and a positive return on equity of 0.61%. Analysts predict that Lightspeed Commerce will achieve an EPS of 0.08 for the current fiscal year.

Institutional Investor Activities

Recent changes by institutional investors and hedge funds regarding their positions in Lightspeed Commerce have been significant. Blue Trust Inc. increased its stake by 214.4% during the last quarter, owning a total of 1,503 shares worth approximately $25,000 after buying an additional 1,025 shares. Mitsubishi UFJ Asset Management Co. raised its holdings by 27.4%, acquiring 10,073 shares valued at $158,000 after purchasing an extra 2,168 shares. Bayesian Capital Management LP and Susquehanna Fundamental Investments LLC also established new stakes in the company, showcasing a notable interest from institutional investors. Overall, institutional investors hold 68.68% of Lightspeed Commerce stock.

About Lightspeed Commerce

Lightspeed Commerce Inc specializes in providing cloud-based software subscriptions and payment solutions for small to midsize businesses, as well as retailers, restaurants, and golf courses. Their Software as a Service platform aids in customer engagement, operational management, and payment processing across various international markets, including North America, Europe, the UK, Australia, and New Zealand.

Considerations for Investors

Considering the recent changes in ratings and price targets, investors should evaluate whether to consider Lightspeed Commerce amidst a range of analyst perspectives. However, top analysts have identified five other stocks that they believe might represent more advantageous investment opportunities.

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