BTIG Research Lowers Lightspeed Commerce (NYSE:LSPD) Price Target to $12.00

Lightspeed Commerce (NYSE:LSPD) had its price objective cut by investment analysts at BTIG Research from $15.00 to $12.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price objective would suggest a potential upside of 43.28% from the stock’s previous close.

LSPD has been the topic of several other reports. Barclays lowered their price target on shares of Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Bank of America began coverage on shares of Lightspeed Commerce in a report on Tuesday. They issued an “underperform” rating and a $10.00 price objective for the company. Truist Financial decreased their price objective on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada decreased their price objective on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.82.

Lightspeed Commerce Stock Down 6.5%

Shares of Lightspeed Commerce stock traded down $0.59 on Thursday, hitting $8.38. 1,371,300 shares of the company traded hands, compared to its average volume of 940,520. The company has a 50-day moving average price of $9.09 and a 200 day moving average price of $10.40. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 12-month low of $7.83 and a 12-month high of $14.34. The company has a market cap of $1.15 billion, a PE ratio of -1.81, a PEG ratio of 1.70 and a beta of 1.92.

Institutional Investors Weigh In On Lightspeed Commerce

A number of large investors have recently bought and sold shares of LSPD. Goldman Sachs Group Inc. boosted its holdings in Lightspeed Commerce by 151.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock worth $18,803,000 after purchasing an additional 1,295,469 shares in the last quarter. Geode Capital Management LLC lifted its position in Lightspeed Commerce by 8.1% during the 2nd quarter. Geode Capital Management LLC now owns 78,301 shares of the company’s stock worth $922,000 after acquiring an additional 5,834 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Lightspeed Commerce by 106.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock worth $122,000 after acquiring an additional 5,354 shares during the last quarter. Norges Bank acquired a new position in Lightspeed Commerce during the 2nd quarter worth $743,000. Finally, Invesco Ltd. lifted its position in Lightspeed Commerce by 2.9% during the 2nd quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock worth $346,000 after acquiring an additional 835 shares during the last quarter. 68.68% of the stock is currently owned by institutional investors.

About Lightspeed Commerce

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.