Lightspeed Commerce (NYSE:LSPD) Stock Rating Lowered by TD Securities

TD Securities cut shares of Lightspeed Commerce (NYSE:LSPDFree Report) from a buy rating to a hold rating in a report issued on Friday, Marketbeat reports. TD Securities currently has $17.50 price target on the stock, down from their prior price target of $25.00.

Other analysts have also issued research reports about the stock. Morgan Stanley reduced their target price on shares of Lightspeed Commerce from $18.00 to $17.00 and set an equal weight rating for the company in a research note on Friday, October 20th. JPMorgan Chase & Co. upgraded shares of Lightspeed Commerce from an underweight rating to a neutral rating and set a $19.00 price objective on the stock in a research report on Monday, December 18th. Barclays increased their price target on shares of Lightspeed Commerce from $20.00 to $23.00 and gave the company an overweight rating in a research report on Friday, January 12th. Royal Bank of Canada reissued an outperform rating and set a $21.00 price objective on shares of Lightspeed Commerce in a research note on Tuesday, November 7th. Finally, Wells Fargo & Company increased their price objective on Lightspeed Commerce from $14.00 to $20.00 and gave the company an equal weight rating in a research note on Friday, February 2nd. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of $18.87.

Read Our Latest Research Report on LSPD

Lightspeed Commerce Stock Performance

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

Hedge Funds Weigh In On Lightspeed Commerce

Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in shares of Lightspeed Commerce by 24.1% during the second quarter. Captrust Financial Advisors now owns 2,975 shares of the company’s stock worth $66,000 after buying an additional 577 shares during the period. PNC Financial Services Group Inc. raised its stake in Lightspeed Commerce by 112.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,299 shares of the company’s stock valued at $40,000 after purchasing an additional 688 shares during the period. Natixis Advisors L.P. raised its stake in Lightspeed Commerce by 7.1% during the 2nd quarter. Natixis Advisors L.P. now owns 10,838 shares of the company’s stock valued at $242,000 after purchasing an additional 715 shares during the period. Geode Capital Management LLC grew its holdings in shares of Lightspeed Commerce by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 66,550 shares of the company’s stock valued at $1,012,000 after acquiring an additional 742 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Lightspeed Commerce by 0.6% during the 2nd quarter. CIBC Asset Management Inc now owns 139,544 shares of the company’s stock valued at $2,362,000 after acquiring an additional 897 shares in the last quarter. 51.98% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Stories

Analyst Recommendations for Lightspeed Commerce (NYSE:LSPD)

Receive News & Ratings for Lightspeed Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lightspeed Commerce and related companies with MarketBeat.com's FREE daily email newsletter.