Lightspeed Commerce (NASDAQ:LSPD) Given New $35.00 Price Target at KeyCorp

Lightspeed Commerce (NASDAQ:LSPDGet Rating) had its price target reduced by KeyCorp from $40.00 to $35.00 in a research note published on Friday, The Fly reports.

A number of other analysts also recently weighed in on the company. Moffett Nathanson assumed coverage on Lightspeed Commerce in a research report on Tuesday, April 5th. They issued a buy rating and a $40.00 target price for the company. Raymond James cut their price objective on shares of Lightspeed Commerce from C$68.00 to C$40.00 in a research note on Friday, May 13th. 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. BTIG Research cut their price target on shares of Lightspeed Commerce from $112.00 to $60.00 and set a buy rating for the company in a research report on Wednesday, January 26th. Finally, Zacks Investment Research downgraded Lightspeed Commerce from a buy rating to a hold rating in a report on Wednesday, April 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $59.11.

LSPD opened at $22.99 on Friday. The business’s fifty day simple moving average is $24.89 and its 200 day simple moving average is $35.17. Lightspeed Commerce has a 52 week low of $15.03 and a 52 week high of $130.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.26 and a quick ratio of 7.23.

Institutional investors and hedge funds have recently modified their holdings of the business. Liberty Wealth Management LLC purchased a new position in shares of Lightspeed Commerce during the 3rd quarter worth approximately $29,000. Gulf International Bank UK Ltd bought a new stake in shares of Lightspeed Commerce during the fourth quarter valued at approximately $31,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Lightspeed Commerce in the fourth quarter worth $35,000. PNC Financial Services Group Inc. raised its holdings in Lightspeed Commerce by 112.6% in 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. Finally, Advisors Asset Management Inc. purchased a new position in Lightspeed Commerce during the fourth quarter valued at $51,000. Institutional investors and hedge funds 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, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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