Lightspeed Commerce (NYSE:LSPD) Price Target Cut to $20.00

Lightspeed Commerce (NYSE:LSPDGet Free Report) had its target price reduced by stock analysts at Scotiabank from $22.00 to $20.00 in a research note issued to investors on Friday, Marketbeat.com reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 42.15% from the company’s previous close.

Several other research firms have also commented on LSPD. Wells Fargo & Company dropped their price target on Lightspeed Commerce from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday. UBS Group assumed coverage on shares of Lightspeed Commerce in a report on Friday, October 20th. They issued a “neutral” rating and a $16.00 target price for the company. Truist Financial lifted their price target on shares of Lightspeed Commerce from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Redburn Atlantic assumed coverage on shares of Lightspeed Commerce in a research report on Wednesday, December 6th. They issued a “neutral” rating and a $17.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised Lightspeed Commerce from an “underweight” rating to a “neutral” rating and set a $19.00 target price on the stock in a research note on Monday, December 18th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Lightspeed Commerce has an average rating of “Hold” and an average price target of $18.87.

Check Out Our Latest Stock Report on Lightspeed Commerce

Lightspeed Commerce Stock Performance

Shares of NYSE:LSPD opened at $14.07 on Friday. The firm has a fifty day simple moving average of $18.55 and a two-hundred day simple moving average of $16.41. The company has a quick ratio of 6.29, a current ratio of 6.41 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.15 billion, a P/E ratio of -10.42 and a beta of 2.52. Lightspeed Commerce has a 52 week low of $12.23 and a 52 week high of $21.71.

Institutional Trading of Lightspeed Commerce

Several hedge funds and other institutional investors have recently bought and sold shares of LSPD. Vanguard Group Inc. lifted its stake in shares of Lightspeed Commerce by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,938,501 shares of the company’s stock worth $69,287,000 after purchasing an additional 72,890 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in Lightspeed Commerce by 1.6% in the third quarter. Artisan Partners Limited Partnership now owns 4,669,890 shares of the company’s stock worth $65,597,000 after purchasing an additional 72,400 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Lightspeed Commerce by 249.8% during the first quarter. Royal Bank of Canada now owns 3,280,715 shares of the company’s stock valued at $99,964,000 after buying an additional 2,342,867 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Lightspeed Commerce by 19.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,674,070 shares of the company’s stock valued at $37,517,000 after buying an additional 427,320 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Lightspeed Commerce in the 2nd quarter worth approximately $35,596,000. Institutional investors own 51.98% of the company’s stock.

Lightspeed Commerce Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Lightspeed Commerce (NYSE:LSPD)

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