Lightspeed Commerce (NYSE:LSPD) PT Raised to $18.00 at UBS Group

Lightspeed Commerce (NYSE:LSPD) had its price objective increased by UBS Group from $17.00 to $18.00 in a research note released on Tuesday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Scotiabank upped their price objective on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a sector outperform rating in a report on Friday, May 17th. TD Securities upped their price objective on shares of Lightspeed Commerce from $14.00 to $16.00 and gave the stock a hold rating in a report on Friday, May 17th. Bank of America upped their price objective on shares of Lightspeed Commerce from $19.00 to $20.00 and gave the stock a neutral rating in a report on Friday, May 17th. BMO Capital Markets upped their price objective on shares of Lightspeed Commerce from $19.00 to $20.00 and gave the stock an outperform rating in a report on Friday, May 17th. Finally, National Bank Financial downgraded shares of Lightspeed Commerce from an outperform market weight rating to a sector perform market weight rating in a report on Thursday, February 8th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $18.78.

Lightspeed Commerce Trading Up 4.4 %

Shares of NYSE:LSPD opened at $15.14 on Tuesday. 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 company has a fifty day simple moving average of $13.73 and a 200 day simple moving average of $15.71. Lightspeed Commerce has a 12-month low of $12.23 and a 12-month high of $21.71.

Institutional Trading of Lightspeed Commerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TD Asset Management Inc grew its position in shares of Lightspeed Commerce by 0.5% during the 4th quarter. TD Asset Management Inc now owns 361,808 shares of the company’s stock worth $7,633,000 after buying an additional 1,938 shares during the period. Addenda Capital Inc. grew its position in shares of Lightspeed Commerce by 5.3% during the 1st quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock worth $560,000 after buying an additional 1,990 shares during the period. New York State Common Retirement Fund lifted its holdings 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 valued at $286,000 after purchasing an additional 2,482 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Lightspeed Commerce during the 1st quarter valued at about $35,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Lightspeed Commerce by 15.1% during the 3rd 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 in the last quarter. 68.68% of the stock is currently owned by institutional investors and hedge funds.

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.