Analysts Set Lightspeed Commerce Inc. (NYSE:LSPD) Price Target at $18.56

Lightspeed Commerce Inc. (NYSE:LSPD) has earned a consensus recommendation of “Hold” from the eighteen analysts that are covering the firm, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $18.78.

Several research analysts have commented on LSPD shares. TD Securities raised their price target on shares of Lightspeed Commerce from $14.00 to $16.00 and gave the company a “hold” rating in a report on Friday, May 17th. Barclays lowered their price objective on shares of Lightspeed Commerce from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. JPMorgan Chase & Co. lowered their price objective on shares of Lightspeed Commerce from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, May 17th. Bank of America lifted their target price on shares of Lightspeed Commerce from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Finally, BMO Capital Markets lifted their target price on shares of Lightspeed Commerce from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th.

Lightspeed Commerce Stock Up 0.3 %

LSPD opened at $14.52 on Tuesday. The company has a 50 day moving average of $13.68 and a 200 day moving average of $15.71. The company has a market cap of $2.23 billion, a PE ratio of -13.57 and a beta of 2.34. Lightspeed Commerce has a 12 month low of $12.23 and a 12 month high of $21.71. The company has a current ratio of 6.34, a quick ratio of 6.09 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Lightspeed Commerce

A number of hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Lightspeed Commerce by 15.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,372 shares of the company’s stock valued at $400,000 after purchasing an additional 3,731 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Lightspeed Commerce by 13.9% during the 3rd quarter. New York State Common Retirement Fund now owns 20,350 shares of the company’s stock valued at $286,000 after purchasing an additional 2,482 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in shares of Lightspeed Commerce by 44.1% during the 3rd quarter. Cidel Asset Management Inc. now owns 25,870 shares of the company’s stock valued at $365,000 after purchasing an additional 7,920 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in shares of Lightspeed Commerce by 209.2% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 170,883 shares of the company’s stock valued at $2,397,000 after purchasing an additional 115,621 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Lightspeed Commerce by 1.6% during the 3rd quarter. Artisan Partners Limited Partnership now owns 4,669,890 shares of the company’s stock valued at $65,597,000 after purchasing an additional 72,400 shares in the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

About Lightspeed Commerce

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.