Wells Fargo & Company Cuts Lightspeed Commerce (NYSE:LSPD) Price Target to $11.00

Lightspeed Commerce (NYSE:LSPD) had its price target reduced by investment analysts at Wells Fargo & Company from $13.00 to $11.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 20.72% from the company’s current price.

Several other research analysts have also commented on the stock. Royal Bank of Canada lowered their price objective on shares of Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday. UBS Group decreased their price target on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a research report on Friday, February 7th. Bank of America cut their price objective on Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday. Piper Sandler decreased their price target on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, BMO Capital Markets dropped their price objective on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.54.

Lightspeed Commerce Trading Down 2.8 %

Shares of LSPD traded down $0.26 during trading on Friday, reaching $9.11. 62,914 shares of the company traded hands, compared to its average volume of 920,652. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.39 billion, a PE ratio of -11.41, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. The stock has a 50-day simple moving average of $12.63 and a 200-day simple moving average of $14.73. Lightspeed Commerce has a twelve month low of $9.11 and a twelve month high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.03 EPS 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%. On average, analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Trading of Lightspeed Commerce

Several institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. increased its stake in shares of Lightspeed Commerce by 214.4% during the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after acquiring an additional 1,025 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Lightspeed Commerce by 27.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company’s stock worth $158,000 after purchasing an additional 2,168 shares during the period. Bayesian Capital Management LP purchased a new position in shares of Lightspeed Commerce during the 4th quarter worth approximately $165,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Lightspeed Commerce in the 4th quarter valued at approximately $256,000. Finally, Twinbeech Capital LP acquired a new stake in shares of Lightspeed Commerce in the 4th quarter valued at approximately $261,000. Hedge funds and other institutional investors own 68.68% of the company’s stock.

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.