Lightspeed Commerce (NYSE:LSPD) Downgraded by National Bankshares

National Bankshares lowered shares of Lightspeed Commerce (NYSE:LSPDFree Report) from an outperform rating to a sector perform rating in a research report report published on Friday morning, BayStreet.CA reports. They currently have $20.00 price objective on the stock, down from their prior price objective of $25.00.

A number of other equities research analysts have also issued reports on LSPD. JPMorgan Chase & Co. upgraded shares of Lightspeed Commerce from an underweight rating to a neutral rating and set a $19.00 price target on the stock in a report on Monday, December 18th. UBS Group started coverage on shares of Lightspeed Commerce in a report on Friday, October 20th. They set a neutral rating and a $16.00 price target on the stock. Barclays boosted their price target on shares of Lightspeed Commerce from $20.00 to $23.00 and gave the company an overweight rating in a report on Friday, January 12th. Morgan Stanley cut their price target on shares of Lightspeed Commerce from $18.00 to $17.00 and set an equal weight rating on the stock in a report on Friday, October 20th. Finally, Scotiabank boosted their price objective on shares of Lightspeed Commerce from $21.00 to $22.00 and gave the company an outperform rating in a research report on Wednesday, January 31st. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lightspeed Commerce has an average rating of Hold and a consensus price target of $18.87.

Read Our Latest Analysis on Lightspeed Commerce

Lightspeed Commerce Stock Down 1.7 %

NYSE LSPD opened at $13.83 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.21 and a quick ratio of 6.09. The company’s 50 day simple moving average is $18.49 and its 200 day simple moving average is $16.39. Lightspeed Commerce has a 12 month low of $12.23 and a 12 month high of $21.71. The company has a market capitalization of $2.11 billion, a P/E ratio of -10.24 and a beta of 2.52.

Institutional Trading of Lightspeed Commerce

Several large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in shares of Lightspeed Commerce by 112.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,299 shares of the company’s stock worth $40,000 after buying an additional 688 shares during the period. Tower Research Capital LLC TRC raised its stake in 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 valued at $56,000 after purchasing an additional 3,856 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Lightspeed Commerce by 53.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,553 shares of the company’s stock valued at $64,000 after purchasing an additional 1,582 shares during the last quarter. Captrust Financial Advisors raised its stake in Lightspeed Commerce by 24.1% during the 2nd quarter. Captrust Financial Advisors now owns 2,975 shares of the company’s stock valued at $66,000 after purchasing an additional 577 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Lightspeed Commerce during the 3rd quarter valued at $67,000. 51.98% of the stock is owned by institutional investors.

Lightspeed Commerce Company Profile

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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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