Lightspeed Commerce (NYSE:LSPD) PT Lowered to $19.00 at BMO Capital Markets

Lightspeed Commerce (NYSE:LSPDFree Report) had its price objective reduced by BMO Capital Markets from $21.00 to $19.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently commented on LSPD. Morgan Stanley dropped their price objective on Lightspeed Commerce from $18.00 to $17.00 and set an equal weight rating on the stock in a research report on Friday, October 20th. JPMorgan Chase & Co. lowered their price objective on shares of Lightspeed Commerce from $19.00 to $17.00 and set a neutral rating on the stock in a research report on Friday. Scotiabank dropped their price target on Lightspeed Commerce from $22.00 to $20.00 and set a sector outperform rating on the stock in a research note on Friday. Piper Sandler lowered their target price on Lightspeed Commerce from $20.00 to $18.00 and set a neutral rating on the stock in a report on Friday. Finally, Truist Financial boosted their price target on Lightspeed Commerce from $25.00 to $27.00 and gave the company a buy rating in a research note on Friday, January 12th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $18.87.

Get Our Latest Stock Analysis on Lightspeed Commerce

Lightspeed Commerce Price Performance

Shares of LSPD opened at $14.07 on Friday. The company 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 twelve month low of $12.23 and a twelve month high of $21.71. 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 firm has a 50 day moving average of $18.55 and a 200 day moving average of $16.41.

Institutional Investors Weigh In On Lightspeed Commerce

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in shares of Lightspeed Commerce by 249.8% in the first quarter. Royal Bank of Canada now owns 3,280,715 shares of the company’s stock worth $99,964,000 after acquiring an additional 2,342,867 shares during the period. Bank of Montreal Can purchased a new position in shares of Lightspeed Commerce during the 2nd quarter worth $35,596,000. Wellington Management Group LLP raised its position in shares of Lightspeed Commerce by 212.7% during the 1st quarter. Wellington Management Group LLP now owns 2,478,103 shares of the company’s stock valued at $75,508,000 after buying an additional 1,685,608 shares during the period. Shannon River Fund Management LLC acquired a new stake in shares of Lightspeed Commerce during the 2nd quarter worth about $26,479,000. Finally, North Peak Capital Management LLC purchased a new position in shares of Lightspeed Commerce during the 2nd quarter worth approximately $25,578,000. Institutional investors and hedge funds 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.

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