Lightspeed Commerce (NYSE:LSPD) Given New $15.00 Price Target at Wells Fargo & Company

Lightspeed Commerce (NYSE:LSPD) had its price target lowered by equities researchers at Wells Fargo & Company from $17.00 to $15.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 10.86% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Jefferies Financial Group boosted their price objective on Lightspeed Commerce from $14.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, May 21st. UBS Group boosted their target price on Lightspeed Commerce from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. TD Securities boosted their target price on Lightspeed Commerce from $14.00 to $16.00 and gave the company a “hold” rating in a research report on Friday, May 17th. BMO Capital Markets boosted their price objective on Lightspeed Commerce from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Finally, Bank of America boosted their price objective on Lightspeed Commerce from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Twelve investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.67.

Lightspeed Commerce Trading Up 0.7 %

LSPD traded up $0.09 during midday trading on Wednesday, hitting $13.53. 550,657 shares of the company were exchanged, compared to its average volume of 1,191,332. The firm has a market capitalization of $2.07 billion, a P/E ratio of -12.64 and a beta of 2.33. Lightspeed Commerce has a 1-year low of $12.23 and a 1-year high of $21.71. The firm’s 50 day moving average price is $14.10 and its 200-day moving average price is $14.48. The company has a quick ratio of 6.23, a current ratio of 6.34 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, May 16th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.16. The firm had revenue of $230.22 million for the quarter, compared to the consensus estimate of $224.08 million. Lightspeed Commerce had a negative return on equity of 2.02% and a negative net margin of 18.03%. As a group, equities analysts forecast that Lightspeed Commerce will post -0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Lightspeed Commerce

Institutional investors have recently bought and sold shares of the company. Dixon Mitchell Investment Counsel Inc. purchased a new position in Lightspeed Commerce in the first quarter valued at approximately $35,000. Conestoga Capital Advisors LLC purchased a new stake in shares of Lightspeed Commerce during the first quarter worth $141,000. Duality Advisers LP purchased a new stake in shares of Lightspeed Commerce during the fourth quarter worth $276,000. Addenda Capital Inc. lifted its position in shares of Lightspeed Commerce by 5.3% during the first quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock worth $560,000 after acquiring an additional 1,990 shares in the last quarter. Finally, Boulder Hill Capital Management LP purchased a new stake in shares of Lightspeed Commerce during the first quarter worth $811,000. Hedge funds and other institutional investors own 68.68% of the company’s stock.

About Lightspeed Commerce

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.