Lightspeed Commerce (NYSE:LSPD) Given New $11.00 Price Target at Wells Fargo & Company

Lightspeed Commerce (NYSE:LSPD) had its target price trimmed by Wells Fargo & Company from $13.00 to $11.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

LSPD has been the subject of a number of other reports. Atb Cap Markets lowered Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Barclays dropped their price objective on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday. UBS Group decreased their target price on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Benchmark dropped their price target on shares of Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Scotiabank decreased their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Lightspeed Commerce has a consensus rating of “Hold” and an average price target of $16.09.

Lightspeed Commerce Stock Performance

NYSE:LSPD opened at $9.08 on Friday. The firm’s 50-day moving average is $12.52 and its 200-day moving average is $14.71. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -11.34, a PEG ratio of 3.03 and a beta of 2.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. Lightspeed Commerce has a 52-week low of $9.00 and a 52-week high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. Equities research analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Trading of Lightspeed Commerce

Several hedge funds have recently modified their holdings of LSPD. Blue Trust Inc. lifted its holdings in Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after buying an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Lightspeed Commerce by 27.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company’s stock worth $158,000 after acquiring an additional 2,168 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Lightspeed Commerce during the fourth quarter valued at $165,000. Susquehanna Fundamental Investments LLC bought a new position in Lightspeed Commerce in the fourth quarter valued at about $256,000. Finally, Twinbeech Capital LP acquired a new stake in Lightspeed Commerce in the fourth quarter worth about $261,000. 68.68% of the stock is owned by institutional investors.

Lightspeed Commerce Company Profile

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.