According to Zacks, “Lightspeed Commerce Inc. provides one-stop commerce platform for merchants. It offer cloud solution which transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financing and connection to supplier networks. The company serves retail, hospitality and golf businesses. It operates principally in North America, Europe and Asia Pacific. Lightspeed Commerce Inc. is based in MONTREAL. “
A number of other research firms also recently weighed in on LSPD. Royal Bank of Canada decreased their price target on shares of Lightspeed Commerce from $50.00 to $40.00 in a research report on Monday, May 16th. Moffett Nathanson initiated coverage on shares of Lightspeed Commerce in a report on Tuesday, April 5th. They set a “buy” rating and a $40.00 price target for the company. TD Securities cut their price objective on shares of Lightspeed Commerce from C$80.00 to C$60.00 in a research note on Friday, May 20th. JPMorgan Chase & Co. cut their price objective on shares of Lightspeed Commerce from $32.00 to $24.00 in a research note on Friday, May 20th. Finally, Truist Financial dropped their price target on shares of Lightspeed Commerce from $60.00 to $45.00 in a research report on Friday, May 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $59.17.
A number of large investors have recently made changes to their positions in LSPD. Liberty Wealth Management LLC bought a new stake in Lightspeed Commerce in the third quarter valued at $29,000. Gulf International Bank UK Ltd bought a new stake in Lightspeed Commerce in the fourth quarter valued at $31,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Lightspeed Commerce in the fourth quarter valued at $35,000. PNC Financial Services Group Inc. grew its holdings in shares of Lightspeed Commerce by 112.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,299 shares of the company’s stock worth $40,000 after purchasing an additional 688 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in shares of Lightspeed Commerce during the fourth quarter worth $51,000. Hedge funds and other institutional investors own 66.77% of the company’s stock.
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, Australia, the Netherlands, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.
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