Lightspeed Commerce (NASDAQ:LSPD) Price Target Lowered to $35.00 at KeyCorp

Lightspeed Commerce (NASDAQ:LSPDGet Rating) had its price target reduced by analysts at KeyCorp from $40.00 to $35.00 in a research note issued to investors on Friday, The Fly reports. KeyCorp’s price objective indicates a potential upside of 56.53% from the stock’s previous close.

Several other equities analysts have also weighed in on LSPD. Zacks Investment Research lowered shares of Lightspeed Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. Barclays reduced their target price on shares of Lightspeed Commerce from $42.00 to $31.00 in a report on Friday. Piper Sandler reduced their target price on shares of Lightspeed Commerce from $54.00 to $39.00 in a report on Friday. National Bankshares reduced their target price on shares of Lightspeed Commerce from $90.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, February 4th. Finally, Royal Bank of Canada dropped their price target on shares of Lightspeed Commerce from $50.00 to $40.00 in a research note on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lightspeed Commerce presently has a consensus rating of “Buy” and an average target price of $67.18.

Shares of LSPD opened at $22.36 on Friday. The firm has a market cap of $3.31 billion, a PE ratio of -14.06 and a beta of 3.58. The company’s fifty day moving average is $24.83 and its two-hundred day moving average is $35.69. Lightspeed Commerce has a fifty-two week low of $15.03 and a fifty-two week high of $130.02. The company has a quick ratio of 7.23, a current ratio of 7.26 and a debt-to-equity ratio of 0.02.

Several large investors have recently made changes to their positions in LSPD. Royal Bank of Canada grew 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 buying an additional 2,342,867 shares during the last quarter. BlackRock Inc. boosted its stake in Lightspeed Commerce by 75.7% during the 4th quarter. BlackRock Inc. now owns 4,591,640 shares of the company’s stock valued at $185,640,000 after purchasing an additional 1,978,627 shares during the period. Neuberger Berman Group LLC acquired a new position in Lightspeed Commerce during the 3rd quarter valued at about $178,731,000. Wellington Management Group LLP boosted its stake in Lightspeed Commerce by 212.7% during the 1st quarter. Wellington Management Group LLP now owns 2,478,103 shares of the company’s stock valued at $75,508,000 after purchasing an additional 1,685,608 shares during the period. Finally, Capital World Investors boosted its stake in Lightspeed Commerce by 75.1% during the 3rd quarter. Capital World Investors now owns 3,832,425 shares of the company’s stock valued at $369,578,000 after purchasing an additional 1,643,571 shares during the period. 66.77% of the stock is 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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