Lightspeed Commerce (NASDAQ:LSPD) Price Target Lowered to C$40.00 at Raymond James

Lightspeed Commerce (NASDAQ:LSPDGet Rating) had its price target trimmed by Raymond James from C$68.00 to C$40.00 in a report published on Friday, The Fly reports.

A number of other brokerages have also commented on LSPD. Truist Financial cut their price target on Lightspeed Commerce from $75.00 to $60.00 in a report on Friday, February 4th. Zacks Investment Research cut shares of Lightspeed Commerce from a buy rating to a hold rating in a research note on Wednesday, April 6th. KeyCorp cut their target price on shares of Lightspeed Commerce from $100.00 to $40.00 and set an overweight rating for the company in a research note on Tuesday, January 25th. National Bankshares cut their target price on shares of Lightspeed Commerce from $90.00 to $75.00 and set an outperform rating for the company in a research note on Friday, February 4th. Finally, BTIG Research cut their target price on shares of Lightspeed Commerce from $112.00 to $60.00 and set a buy rating for the company in a research note on Wednesday, January 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Buy and an average price target of $69.59.

NASDAQ:LSPD traded up $5.20 during mid-day trading on Friday, hitting $21.37. 2,864,766 shares of the company’s stock traded hands, compared to its average volume of 1,025,686. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of -13.44 and a beta of 3.58. The firm has a 50 day moving average of $24.94 and a two-hundred day moving average of $37.81. The company has a current ratio of 7.26, a quick ratio of 7.23 and a debt-to-equity ratio of 0.02. Lightspeed Commerce has a 12 month low of $15.03 and a 12 month high of $130.02.

Several institutional investors and hedge funds have recently bought and sold shares of LSPD. Liberty Wealth Management LLC bought a new stake in shares of Lightspeed Commerce in the 3rd quarter worth about $29,000. Gulf International Bank UK Ltd bought a new stake in shares of Lightspeed Commerce in the 4th quarter worth about $31,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Lightspeed Commerce in the 4th quarter worth about $35,000. PNC Financial Services Group Inc. lifted its position 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 worth $40,000 after buying an additional 688 shares in the last quarter. Finally, Winch Advisory Services LLC acquired a new position in Lightspeed Commerce during the 3rd quarter worth about $41,000. 66.77% of the stock is currently owned by institutional investors and hedge funds.

Lightspeed Commerce Company Profile (Get Rating)

Lightspeed Commerce Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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