BMO Capital Markets Trims Lightspeed Commerce (NYSE:LSPD) Target Price to $19.00

Lightspeed Commerce (NYSE:LSPDFree Report) had its price objective trimmed by BMO Capital Markets from $21.00 to $19.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

LSPD has been the topic of several other research reports. Morgan Stanley cut 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. BTIG Research boosted their price objective on Lightspeed Commerce from $20.00 to $24.00 and gave the stock a buy rating in a research report on Thursday, December 28th. Truist Financial boosted their price objective on Lightspeed Commerce from $25.00 to $27.00 and gave the stock a buy rating in a research report on Friday, January 12th. JPMorgan Chase & Co. cut their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a neutral rating on the stock in a research report on Friday. Finally, Redburn Atlantic started coverage on Lightspeed Commerce in a research report on Wednesday, December 6th. They issued a neutral rating and a $17.00 price objective on the stock. Eleven 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 company currently has an average rating of Hold and a consensus target price of $18.87.

Read Our Latest Research Report on LSPD

Lightspeed Commerce Trading Down 1.7 %

Shares of Lightspeed Commerce stock opened at $13.83 on Friday. The stock has a fifty day simple moving average of $18.49 and a 200 day simple moving average of $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. The company has a current ratio of 6.21, a quick ratio of 6.09 and a debt-to-equity ratio of 0.01.

Institutional Trading of Lightspeed Commerce

A number of hedge funds and other institutional investors have recently made changes to their positions in LSPD. Artisan Partners Limited Partnership increased its stake in Lightspeed Commerce by 13.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 5,297,686 shares of the company’s stock worth $111,232,000 after acquiring an additional 627,796 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Lightspeed Commerce by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,938,501 shares of the company’s stock valued at $69,287,000 after purchasing an additional 72,890 shares during the last quarter. Royal Bank of Canada increased its position in shares of Lightspeed Commerce by 249.8% during the 1st quarter. Royal Bank of Canada now owns 3,280,715 shares of the company’s stock valued at $99,964,000 after purchasing an additional 2,342,867 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Lightspeed Commerce by 19.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,674,070 shares of the company’s stock valued at $37,517,000 after purchasing an additional 427,320 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Lightspeed Commerce during the 2nd quarter valued at about $35,596,000. 51.98% of the stock is currently 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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Analyst Recommendations for Lightspeed Commerce (NYSE:LSPD)

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