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

Lightspeed Commerce (NYSE:LSPD) had its price objective reduced by Wells Fargo & Company from $13.00 to $11.00 in a research note issued to investors on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other equities analysts also recently weighed in on the company. Scotiabank dropped their target price on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Benchmark cut their target price 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. Barclays decreased their target price 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. Atb Cap Markets downgraded shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, UBS Group reduced their price objective on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a research report on Friday, February 7th. Eleven 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.09.

Lightspeed Commerce Trading Down 3.1 %

Lightspeed Commerce stock opened at $9.08 on Friday. Lightspeed Commerce has a 52 week low of $9.00 and a 52 week high of $18.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -11.34, a P/E/G ratio of 3.03 and a beta of 2.44. The company has a 50 day moving average price of $12.52 and a 200 day moving average price of $14.71.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing the consensus estimate 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%. Research analysts forecast that Lightspeed Commerce will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Lightspeed Commerce by 29.1% during the 3rd quarter. State Street Corp now owns 353,472 shares of the company’s stock worth $5,829,000 after buying an additional 79,696 shares during the period. PCJ Investment Counsel Ltd. lifted its position in Lightspeed Commerce by 33.8% during the 4th quarter. PCJ Investment Counsel Ltd. now owns 123,060 shares of the company’s stock worth $1,874,000 after acquiring an additional 31,060 shares during the last quarter. Verition Fund Management LLC bought a new stake in Lightspeed Commerce during the third quarter valued at about $499,000. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Lightspeed Commerce in the fourth quarter valued at about $579,000. Finally, PDT Partners LLC bought a new position in shares of Lightspeed Commerce in the third quarter worth about $659,000. 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.