A number of firms have modified their ratings and price targets on shares of Lightspeed Commerce (NYSE: LSPD) recently:
- 8/15/2024 – Lightspeed Commerce was downgraded by analysts at Royal Bank of Canada from a “moderate buy” rating to a “strong sell” rating.
- 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at Royal Bank of Canada from $21.00 to $20.00. They now have an “outperform” rating on the stock.
- 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at BMO Capital Markets from $20.00 to $18.00. They now have an “outperform” rating on the stock.
- 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at JPMorgan Chase & Co. from $16.00 to $15.00. They now have a “neutral” rating on the stock.
- 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at Piper Sandler from $17.00 to $15.00. They now have a “neutral” rating on the stock.
- 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at Jefferies Financial Group Inc. from $16.00 to $14.50. They now have a “hold” rating on the stock.
- 8/2/2024 – Lightspeed Commerce had its price target lowered by analysts at TD Securities from $16.00 to $15.00. They now have a “hold” rating on the stock.
- 7/31/2024 – Lightspeed Commerce had its price target lowered by analysts at Wells Fargo & Company from $17.00 to $15.00. They now have an “equal weight” rating on the stock.
Lightspeed Commerce Price Performance
LSPD stock opened at $13.36 on Monday. The stock has a market cap of $2.05 billion, a PE ratio of -12.49 and a beta of 2.33. Lightspeed Commerce Inc. has a 12 month low of $11.01 and a 12 month high of $21.71. The company has a 50-day moving average price of $13.54 and a 200 day moving average price of $13.93. The company has a current ratio of 6.34, a quick ratio of 6.23 and a debt-to-equity ratio of 0.01.
Lightspeed Commerce (NYSE:LSPD – Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Lightspeed Commerce had a negative return on equity of 0.98% and a negative net margin of 15.55%. The firm had revenue of $266.10 million for the quarter, compared to analysts’ expectations of $258.58 million. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. Equities research analysts anticipate that Lightspeed Commerce Inc. will post -0.39 earnings per share for the current year.
Institutional Trading of Lightspeed Commerce
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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