Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $15.00 at Wells Fargo & Company

Lightspeed Commerce (NYSE:LSPD) had its price objective trimmed by Wells Fargo & Company from $17.00 to $15.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts have also issued reports on the company. National Bankshares increased their target price on Lightspeed Commerce from $15.00 to $16.00 and gave the stock a sector perform rating in a research report on Friday, May 17th. JPMorgan Chase & Co. decreased their target price on Lightspeed Commerce from $17.00 to $16.00 and set a neutral rating for the company in a research report on Friday, May 17th. TD Securities increased their target price on Lightspeed Commerce from $14.00 to $16.00 and gave the stock a hold rating in a research report on Friday, May 17th. Cibc World Mkts raised Lightspeed Commerce from a hold rating to a strong-buy rating in a research report on Friday, May 24th. Finally, Piper Sandler decreased their target price on Lightspeed Commerce from $18.00 to $17.00 and set a neutral rating for the company in a research report on Monday, May 20th. Twelve equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $18.67.

Lightspeed Commerce Trading Down 0.4 %

LSPD opened at $13.38 on Wednesday. The business has a 50 day simple moving average of $14.08 and a two-hundred day simple moving average of $14.47. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -12.50 and a beta of 2.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.34 and a quick ratio of 6.23. Lightspeed Commerce has a one year low of $12.23 and a one year high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.16. The business had revenue of $230.22 million during the quarter, compared to analyst estimates of $224.08 million. Lightspeed Commerce had a negative return on equity of 2.02% and a negative net margin of 18.03%. Analysts predict that Lightspeed Commerce will post -0.39 EPS for the current year.

Institutional Trading of Lightspeed Commerce

Hedge funds have recently bought and sold shares of the company. NewGen Asset Management Ltd bought a new stake in shares of Lightspeed Commerce during the 2nd quarter valued at about $9,241,000. Addenda Capital Inc. grew its position in Lightspeed Commerce by 10.5% during the second quarter. Addenda Capital Inc. now owns 44,041 shares of the company’s stock valued at $603,000 after buying an additional 4,196 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Lightspeed Commerce by 297.6% during the second quarter. Harbor Capital Advisors Inc. now owns 90,296 shares of the company’s stock valued at $1,236,000 after buying an additional 67,584 shares during the last quarter. Boulder Hill Capital Management LP bought a new position in Lightspeed Commerce in the first quarter worth approximately $811,000. Finally, Vanguard Group Inc. boosted its stake in shares of Lightspeed Commerce by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 5,099,482 shares of the company’s stock worth $71,699,000 after acquiring an additional 62,394 shares during 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.