Lightspeed Commerce (NYSE:LSPD) Price Target Increased to $20.00 by Analysts at BMO Capital Markets

Lightspeed Commerce (NYSE:LSPD) had its target price increased by BMO Capital Markets from $19.00 to $20.00 in a research note issued to investors on Friday, Marketbeat.com reports. They currently have an outperform rating on the stock.

LSPD has been the topic of a number of other research reports. Bank of America increased their price target on Lightspeed Commerce from $19.00 to $20.00 and gave the stock a neutral rating in a research note on Friday. Barclays cut their price objective on shares of Lightspeed Commerce from $23.00 to $20.00 and set an overweight rating on the stock in a report on Friday, February 9th. JPMorgan Chase & Co. lowered their target price on shares of Lightspeed Commerce from $19.00 to $17.00 and set a neutral rating for the company in a report on Friday, February 9th. Jefferies Financial Group started coverage on shares of Lightspeed Commerce in a research note on Wednesday. They set a hold rating and a $14.00 price target on the stock. Finally, Scotiabank upped their price objective on Lightspeed Commerce from $20.00 to $21.00 and gave the stock a sector outperform rating in a report on Friday. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $18.61.

Lightspeed Commerce Trading Up 2.1 %

Shares of NYSE LSPD traded up $0.32 during midday trading on Friday, reaching $15.42. 2,425,036 shares of the stock were exchanged, compared to its average volume of 1,267,101. The stock has a 50 day moving average price of $13.57 and a 200-day moving average price of $15.68. The company has a current ratio of 6.21, a quick ratio of 6.09 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.36 billion, a P/E ratio of -14.42 and a beta of 2.34. Lightspeed Commerce has a 52-week low of $12.23 and a 52-week high of $21.71.

Hedge Funds Weigh In On Lightspeed Commerce

A number of institutional investors have recently made changes to their positions in LSPD. TD Asset Management Inc raised its stake in shares of Lightspeed Commerce by 0.5% in the 4th quarter. TD Asset Management Inc now owns 361,808 shares of the company’s stock valued at $7,633,000 after purchasing an additional 1,938 shares in the last quarter. Addenda Capital Inc. lifted its holdings in Lightspeed Commerce by 5.3% during the 1st quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock worth $560,000 after buying an additional 1,990 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Lightspeed Commerce by 13.9% in the 3rd quarter. New York State Common Retirement Fund now owns 20,350 shares of the company’s stock worth $286,000 after acquiring an additional 2,482 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in Lightspeed Commerce in the first quarter worth $35,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Lightspeed Commerce by 15.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,372 shares of the company’s stock valued at $400,000 after purchasing an additional 3,731 shares during the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

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.