Lightspeed Commerce (NYSE:LSPD) Given New $16.00 Price Target at Wells Fargo & Company

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its price target decreased by research analysts at Wells Fargo & Company from $17.00 to $16.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective indicates a potential upside of 9.50% from the company's previous close.

Several other equities research analysts have also issued reports on LSPD. Royal Bank of Canada upgraded Lightspeed Commerce from a "strong sell" rating to a "moderate buy" rating in a report on Friday, November 8th. TD Securities lifted their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a "hold" rating in a research note on Friday, November 8th. Barclays downgraded shares of Lightspeed Commerce from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $20.00 to $18.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. raised their price target on shares of Lightspeed Commerce from $20.00 to $26.00 in a report on Friday, November 8th. Finally, BMO Capital Markets lifted their price objective on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Lightspeed Commerce presently has a consensus rating of "Hold" and an average target price of $19.50.

Lightspeed Commerce Stock Down 2.2 %

LSPD stock traded down $0.33 during midday trading on Thursday, reaching $14.61. The company had a trading volume of 360,217 shares, compared to its average volume of 383,838. The company has a 50 day moving average of $16.58 and a two-hundred day moving average of $14.92. The company has a market capitalization of $2.22 billion, a P/E ratio of -16.42 and a beta of 2.44. Lightspeed Commerce has a 1 year low of $11.01 and a 1 year high of $20.09. The company has a current ratio of 6.08, a quick ratio of 5.94 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $277.18 million during the quarter, compared to analyst estimates of $273.90 million. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. On average, equities research analysts expect that Lightspeed Commerce will post -0.02 earnings per share for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Several hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank lifted its holdings in shares of Lightspeed Commerce by 102.8% during the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company's stock worth $94,000 after buying an additional 3,482 shares during the last quarter. Aigen Investment Management LP bought a new position in Lightspeed Commerce during the third quarter worth $225,000. Polar Asset Management Partners Inc. acquired a new position in Lightspeed Commerce during the 3rd quarter valued at $412,000. Algert Global LLC bought a new stake in Lightspeed Commerce in the 3rd quarter valued at $448,000. Finally, Barclays PLC boosted its holdings in Lightspeed Commerce by 8,355.1% in the 3rd quarter. Barclays PLC now owns 29,170 shares of the company's stock valued at $481,000 after purchasing an additional 28,825 shares during the period. Institutional investors own 68.68% of the company's stock.

Lightspeed Commerce Company Profile

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.