Lightspeed Commerce (NYSE:LSPD) PT Lowered to $17.00

Lightspeed Commerce (NYSE:LSPDFree Report) had its target price trimmed by JPMorgan Chase & Co. from $19.00 to $17.00 in a research report released on Friday morning, MarketBeat Ratings reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts have also weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Lightspeed Commerce from $20.00 to $17.00 and set an equal weight rating on the stock in a report on Friday. Redburn Atlantic started coverage on shares of Lightspeed Commerce in a research note on Wednesday, December 6th. They issued a neutral rating and a $17.00 price objective on the stock. National Bankshares cut shares of Lightspeed Commerce from an outperform rating to a sector perform rating and reduced their price objective for the company from $25.00 to $20.00 in a research note on Friday. TD Securities cut shares of Lightspeed Commerce from a buy rating to a hold rating and reduced their price objective for the company from $25.00 to $17.50 in a research note on Friday. Finally, Morgan Stanley reduced their price objective on shares of Lightspeed Commerce from $18.00 to $17.00 and set an equal weight rating on the stock in a research note on Friday, October 20th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $18.87.

View Our Latest Research Report on LSPD

Lightspeed Commerce Price Performance

Shares of Lightspeed Commerce stock opened at $13.83 on Friday. 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 stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of -10.24 and a beta of 2.52. Lightspeed Commerce has a 1-year low of $12.23 and a 1-year high of $21.71. The firm’s 50-day moving average price is $18.49 and its two-hundred day moving average price is $16.39.

Institutional Investors Weigh In On Lightspeed Commerce

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position 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 acquiring an additional 688 shares during the period. Captrust Financial Advisors grew its position in shares of Lightspeed Commerce by 8,464.3% in the 1st quarter. Captrust Financial Advisors now owns 2,398 shares of the company’s stock valued at $73,000 after acquiring an additional 2,370 shares during the period. Advisors Asset Management Inc. grew its position in shares of Lightspeed Commerce by 164.7% in the 1st quarter. Advisors Asset Management Inc. now owns 3,341 shares of the company’s stock valued at $102,000 after acquiring an additional 2,079 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Lightspeed Commerce by 2,570.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company’s stock valued at $56,000 after acquiring an additional 3,856 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in shares of Lightspeed Commerce in the 3rd quarter valued at about $67,000. 51.98% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Lightspeed Commerce (NYSE:LSPD)

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