Lightspeed Commerce (NYSE:LSPD - Free Report) had its price objective reduced by Piper Sandler from $18.00 to $17.00 in a research report report published on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.
LSPD has been the subject of several other research reports. National Bankshares boosted their price objective on Lightspeed Commerce from $15.00 to $16.00 and gave the company a sector perform rating in a research report on Friday. BMO Capital Markets boosted their price objective on Lightspeed Commerce from $19.00 to $20.00 and gave the company an outperform rating in a research report on Friday. Jefferies Financial Group started coverage on Lightspeed Commerce in a research report on Wednesday, May 15th. They issued a hold rating and a $14.00 price objective for the company. Wells Fargo & Company decreased their target price on Lightspeed Commerce from $20.00 to $17.00 and set an equal weight rating for the company in a report on Friday, February 9th. Finally, National Bank Financial downgraded Lightspeed Commerce from an outperform market weight rating to a sector perform market weight rating in a report on Thursday, February 8th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $18.56.
Check Out Our Latest Stock Report on Lightspeed Commerce
Lightspeed Commerce Price Performance
Shares of NYSE LSPD traded down $0.12 during midday trading on Monday, hitting $15.31. 912,552 shares of the company's stock were exchanged, compared to its average volume of 1,347,514. Lightspeed Commerce has a 12-month low of $12.23 and a 12-month high of $21.71. The company has a current ratio of 6.21, a quick ratio of 6.09 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.35 billion, a price-to-earnings ratio of -14.41 and a beta of 2.34. The business's fifty day moving average price is $13.57 and its two-hundred day moving average price is $15.73.
Hedge Funds Weigh In On Lightspeed Commerce
A number of large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Lightspeed Commerce by 15.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,372 shares of the company's stock valued at $400,000 after buying an additional 3,731 shares in the last quarter. New York State Common Retirement Fund grew its stake in Lightspeed Commerce by 13.9% during the 3rd quarter. New York State Common Retirement Fund now owns 20,350 shares of the company's stock valued at $286,000 after purchasing an additional 2,482 shares during the last quarter. Cidel Asset Management Inc. grew its stake in Lightspeed Commerce by 44.1% during the 3rd quarter. Cidel Asset Management Inc. now owns 25,870 shares of the company's stock valued at $365,000 after purchasing an additional 7,920 shares during the last quarter. Landscape Capital Management L.L.C. grew its stake in Lightspeed Commerce by 209.2% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 170,883 shares of the company's stock valued at $2,397,000 after purchasing an additional 115,621 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of 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 buying an additional 72,400 shares during the last quarter. Hedge funds and other institutional investors own 68.68% 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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