Lightspeed Commerce Inc. (NYSE:LSPD) Short Interest Down 16.0% in May

Lightspeed Commerce Inc. (NYSE:LSPDGet Rating) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 6,350,000 shares, a decrease of 16.0% from the May 15th total of 7,560,000 shares. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is presently 5.1 days. Currently, 4.8% of the shares of the company are short sold.

Shares of LSPD stock traded up $1.78 during trading on Friday, hitting $21.73. The company had a trading volume of 257,002 shares, compared to its average volume of 1,331,565. Lightspeed Commerce has a 52 week low of $15.03 and a 52 week high of $130.02. The stock’s 50-day moving average is $23.02 and its two-hundred day moving average is $29.73. The stock has a market capitalization of $3.22 billion and a price-to-earnings ratio of -38.37.

Several analysts recently issued reports on LSPD shares. Barclays reduced their price target on shares of Lightspeed Commerce from $42.00 to $31.00 and set an “overweight” rating on the stock in a research report on Friday, May 20th. Piper Sandler increased their price target on Lightspeed Commerce from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, June 3rd. Truist Financial decreased their price target on Lightspeed Commerce from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, May 20th. Moffett Nathanson assumed coverage on Lightspeed Commerce in a research report on Tuesday, April 5th. They set a “buy” rating and a $40.00 target price on the stock. Finally, Morgan Stanley cut their target price on Lightspeed Commerce from $44.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, May 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $70.44.

About Lightspeed Commerce (Get Rating)

Lightspeed Commerce Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Australia, the Netherlands, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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