Jefferies Financial Group Boosts Lightspeed Commerce (NYSE:LSPD) Price Target to $16.00

Lightspeed Commerce (NYSE:LSPD) had its price objective increased by Jefferies Financial Group from $14.00 to $16.00 in a research report report published on Tuesday, BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets boosted their target price on Lightspeed Commerce from $19.00 to $20.00 and gave the company an outperform rating in a research note on Friday, May 17th. Piper Sandler dropped their target price on shares of Lightspeed Commerce from $18.00 to $17.00 and set a neutral rating on the stock in a research note on Monday, May 20th. National Bank Financial downgraded shares of Lightspeed Commerce from an outperform market weight rating to a sector perform market weight rating in a research report on Thursday, February 8th. Wells Fargo & Company reduced their price objective on Lightspeed Commerce from $20.00 to $17.00 and set an equal weight rating for the company in a research note on Friday, February 9th. Finally, Barclays decreased their price target on Lightspeed Commerce from $23.00 to $20.00 and set an overweight rating on the stock in a report on Friday, February 9th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lightspeed Commerce currently has a consensus rating of Hold and an average price target of $18.78.

Lightspeed Commerce Stock Up 4.4 %

Shares of LSPD stock opened at $15.14 on Tuesday. Lightspeed Commerce has a 1-year low of $12.23 and a 1-year high of $21.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.09 and a current ratio of 6.34. The business has a 50-day moving average of $13.73 and a 200 day moving average of $15.71.

Institutional Trading of Lightspeed Commerce

A number of institutional investors have recently bought and sold shares of LSPD. TD Asset Management Inc increased its position in Lightspeed Commerce by 0.5% during the fourth quarter. TD Asset Management Inc now owns 361,808 shares of the company’s stock worth $7,633,000 after acquiring an additional 1,938 shares during the period. Addenda Capital Inc. boosted its holdings in Lightspeed Commerce by 5.3% in the first quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock valued at $560,000 after acquiring an additional 1,990 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Lightspeed Commerce by 13.9% during the 3rd quarter. New York State Common Retirement Fund now owns 20,350 shares of the company’s stock worth $286,000 after buying an additional 2,482 shares during the period. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Lightspeed Commerce during the 1st quarter worth $35,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Lightspeed Commerce by 15.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,372 shares of the company’s stock valued at $400,000 after purchasing an additional 3,731 shares during the last quarter. Institutional investors and hedge funds 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.