Lightspeed Commerce (NASDAQ:LSPD) PT Raised to C$43.00 at Raymond James

Lightspeed Commerce (NASDAQ:LSPD – Get Rating) had its target price increased by Raymond James from C$40.00 to C$43.00 in a research report sent to investors on Friday, The Fly reports.

Several other brokerages also recently weighed in on LSPD. Moffett Nathanson assumed coverage on Lightspeed Commerce in a research note on Tuesday, April 5th. They set a buy rating and a $40.00 target price on the stock. BTIG Research lowered their price target on Lightspeed Commerce from $112.00 to $60.00 and set a buy rating for the company in a research report on Wednesday, January 26th. National Bankshares lowered their price target on Lightspeed Commerce from $90.00 to $75.00 and set an outperform rating for the company in a research report on Friday, February 4th. Royal Bank of Canada lowered their price target on Lightspeed Commerce from $50.00 to $40.00 in a research report on Monday, May 16th. Finally, Truist Financial lowered their price target on Lightspeed Commerce from $60.00 to $45.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Buy and an average target price of $59.11.

Shares of LSPD stock opened at $24.63 on Friday. Lightspeed Commerce has a 1-year low of $15.03 and a 1-year high of $130.02. The stock’s fifty day moving average price is $24.95 and its 200 day moving average price is $34.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.26 and a quick ratio of 7.23. The company has a market cap of $3.65 billion, a price-to-earnings ratio of -12.19 and a beta of 3.58.

Several hedge funds and other institutional investors have recently made changes to their positions in LSPD. BlackRock Inc. raised its stake in shares of Lightspeed Commerce by 13.4% in the third quarter. BlackRock Inc. now owns 2,613,013 shares of the company’s stock valued at $251,972,000 after acquiring an additional 309,030 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Lightspeed Commerce by 11.7% in the third quarter. Alliancebernstein L.P. now owns 9,207 shares of the company’s stock valued at $888,000 after acquiring an additional 963 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Lightspeed Commerce in the third quarter valued at $589,000. Achmea Investment Management B.V. raised its stake in shares of Lightspeed Commerce by 2.7% in the third quarter. Achmea Investment Management B.V. now owns 10,354 shares of the company’s stock valued at $999,000 after acquiring an additional 268 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Lightspeed Commerce in the third quarter valued at $488,000. 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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