JPMorgan Chase & Co. Cuts Lightspeed Commerce (NYSE:LSPD) Price Target to $17.00

Lightspeed Commerce (NYSE:LSPDFree Report) had its price objective lowered by JPMorgan Chase & Co. from $19.00 to $17.00 in a research note released on Friday morning, MarketBeat reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other equities analysts also recently commented on LSPD. Royal Bank of Canada reissued an outperform rating and issued a $21.00 target price on shares of Lightspeed Commerce in a report on Tuesday, November 7th. Barclays cut their target price on shares of Lightspeed Commerce from $23.00 to $20.00 and set an overweight rating on the stock in a research report on Friday. Truist Financial lifted their price objective on shares of Lightspeed Commerce from $25.00 to $27.00 and gave the stock a buy rating in a research note on Friday, January 12th. BTIG Research raised their target price on Lightspeed Commerce from $20.00 to $24.00 and gave the company a buy rating in a research report on Thursday, December 28th. Finally, Piper Sandler dropped their target price on Lightspeed Commerce from $20.00 to $18.00 and set a neutral rating for the company in a report on Friday. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $18.87.

Read Our Latest Research Report on LSPD

Lightspeed Commerce Trading Down 4.9 %

NYSE:LSPD opened at $14.07 on Friday. Lightspeed Commerce has a one year low of $12.23 and a one year high of $21.71. The business has a fifty day moving average price of $18.55 and a 200-day moving average price of $16.41. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of -10.42 and a beta of 2.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.41 and a quick ratio of 6.29.

Institutional Investors Weigh In On Lightspeed Commerce

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in 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 in the last quarter. Tower Research Capital LLC TRC boosted its position in Lightspeed Commerce by 2,570.7% during the third quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company’s stock worth $56,000 after acquiring an additional 3,856 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Lightspeed Commerce by 53.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,553 shares of the company’s stock worth $64,000 after buying an additional 1,582 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Lightspeed Commerce by 24.1% during the 2nd quarter. Captrust Financial Advisors now owns 2,975 shares of the company’s stock worth $66,000 after purchasing an additional 577 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Lightspeed Commerce in the third quarter valued at $67,000. 51.98% of the stock is currently owned by institutional investors and hedge funds.

About Lightspeed Commerce

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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.

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