Lightspeed Commerce (NYSE:LSPD) Lowered to “Sector Perform Market Weight” at National Bank Financial

National Bank Financial cut shares of Lightspeed Commerce (NYSE:LSPDFree Report) from an outperform market weight rating to a sector perform market weight rating in a research note issued to investors on Thursday morning.

Several other research analysts also recently commented on LSPD. BTIG Research increased their price objective on Lightspeed Commerce from $20.00 to $24.00 and gave the company a buy rating in a research note on Thursday, December 28th. Royal Bank of Canada reissued an outperform rating and issued a $21.00 price objective on shares of Lightspeed Commerce in a research note on Tuesday, November 7th. Redburn Atlantic assumed coverage on Lightspeed Commerce in a research note on Wednesday, December 6th. They issued a neutral rating and a $17.00 target price for the company. JPMorgan Chase & Co. cut their target price on Lightspeed Commerce from $19.00 to $17.00 and set a neutral rating for the company in a research note on Friday. Finally, Piper Sandler cut their target price on Lightspeed Commerce from $20.00 to $18.00 and set a neutral rating for the company in a research note on Friday. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $18.87.

Check Out Our Latest Research Report on Lightspeed Commerce

Lightspeed Commerce Trading Down 4.9 %

Shares of LSPD stock opened at $14.08 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.41 and a quick ratio of 6.29. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -10.43 and a beta of 2.52. The stock has a 50 day simple moving average of $18.55 and a 200-day simple moving average of $16.42. Lightspeed Commerce has a 1-year low of $12.23 and a 1-year high of $21.71.

Hedge Funds Weigh In On Lightspeed Commerce

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in shares of Lightspeed Commerce by 112.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,299 shares of the company’s stock valued at $40,000 after buying an additional 688 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Lightspeed Commerce by 2,570.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company’s stock worth $56,000 after acquiring an additional 3,856 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Lightspeed Commerce by 53.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,553 shares of the company’s stock worth $64,000 after acquiring an additional 1,582 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Lightspeed Commerce by 24.1% during the 2nd quarter. Captrust Financial Advisors now owns 2,975 shares of the company’s stock worth $66,000 after acquiring an additional 577 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Lightspeed Commerce during the 3rd quarter worth about $67,000. Hedge funds and other institutional investors own 51.98% of the company’s stock.

About Lightspeed Commerce

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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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Analyst Recommendations for Lightspeed Commerce (NYSE:LSPD)

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