Lightspeed Commerce (NYSE:LSPD) Shares Gap Down – Here’s Why

Lightspeed Commerce Inc. (NYSE:LSPD – Get Free Report) shares gapped down before the market opened on Thursday. The stock had previously closed at $11.56, but opened at $10.12. Lightspeed Commerce shares last traded at $9.9910, with a volume of 130,800 shares traded.

Analyst Ratings Changes

A number of research firms recently commented on LSPD. JPMorgan Chase & Co. lifted their price target on Lightspeed Commerce from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, July 31st. Truist Financial upped their price objective on Lightspeed Commerce from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, October 23rd. Morgan Stanley reduced their target price on shares of Lightspeed Commerce from $11.50 to $9.50 and set an “equal weight” rating for the company in a report on Monday, September 28th. Royal Bank Of Canada upped their price objective on Lightspeed Commerce from $10.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Thursday, October 15th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.35.

Get Our Latest Analysis on Lightspeed Commerce

Lightspeed Commerce Trading Down 13.8%

The firm has a market cap of $1.29 billion, a P/E ratio of -14.23, a price-to-earnings-growth ratio of 1.71 and a beta of 1.85. The business’s fifty day moving average is $10.36 and its 200-day moving average is $9.85. 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 (NYSE:LSPD – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. Lightspeed Commerce had a positive return on equity of 1.06% and a negative net margin of 7.81%. During the same quarter last year, the company posted $0.16 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Analysts predict that Lightspeed Commerce Inc. will post 0.21 EPS for the current year.

Institutional Trading of Lightspeed Commerce

Several hedge funds have recently modified their holdings of the stock. State of Wyoming bought a new stake in Lightspeed Commerce in the 3rd quarter valued at about $66,000. Louisbourg Investments Inc. raised its stake in shares of Lightspeed Commerce by 17.0% in the third quarter. Louisbourg Investments Inc. now owns 676,164 shares of the company’s stock valued at $6,624,000 after buying an additional 98,184 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Lightspeed Commerce during the 2nd quarter valued at approximately $128,000. TD Waterhouse Canada Inc. grew its holdings in Lightspeed Commerce by 28.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company’s stock valued at $642,000 after buying an additional 13,103 shares in the last quarter. Finally, Pale Fire Capital SE boosted its stake in Lightspeed Commerce by 4.5% during the second quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company’s stock valued at $60,569,000 after buying an additional 249,341 shares during the period. Institutional investors own 68.68% of the company’s stock.

About Lightspeed Commerce

(Get Free Report)

Lightspeed Commerce Inc is a cloud-based commerce technology company that provides point-of-sale and business management software for small and midsized businesses. Its platform is designed for retailers, restaurants, hospitality operators and golf businesses, helping them manage sales, payments, inventory, customer relationships and day-to-day operations through integrated digital tools.

Lightspeed’s products include point-of-sale systems, payment processing, e-commerce capabilities, inventory and order management, analytics, accounting integrations, customer loyalty features and tools for managing restaurants and golf courses.

Further Reading

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