Barclays Forecasts Strong Price Appreciation for Lightspeed Commerce (NYSE:LSPD) Stock

Key Points

• Barclays has increased its price target for Lightspeed Commerce (NYSE:LSPD) from $12.00 to $15.00, indicating a potential upside of 24.79% based on current stock prices.
• In April, multiple analysts adjusted their targets on Lightspeed Commerce, with ratings ranging from "underweight" to "sector perform," leading to a consensus rating of "Hold."
• Lightspeed Commerce reported a quarterly revenue of $304.94 million, surpassing analyst expectations, but its earnings per share fell short of estimates at $0.06.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its target price increased by equities research analysts at Barclays from $12.00 to $15.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target suggests a potential upside of 20.19% from the company's previous close.

Several other research analysts have also issued reports on LSPD. Morgan Stanley reduced their price target on Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $9.00 price target (down from $10.00) on shares of Lightspeed Commerce in a research report on Monday, April 14th. National Bankshares reduced their price target on Lightspeed Commerce from $15.00 to $13.10 and set a "sector perform" rating on the stock in a research report on Friday, April 25th. Truist Financial raised their price target on Lightspeed Commerce from $11.00 to $12.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Finally, Scotiabank raised their price target on Lightspeed Commerce from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $14.74.

Lightspeed Commerce Price Performance

NYSE LSPD traded down $0.07 during trading hours on Friday, reaching $12.48. 756,285 shares of the company's stock were exchanged, compared to its average volume of 943,241. The stock has a market cap of $1.71 billion, a PE ratio of -2.77, a price-to-earnings-growth ratio of 3.94 and a beta of 2.48. Lightspeed Commerce has a one year low of $7.34 and a one year high of $18.96. The firm has a fifty day moving average of $11.82 and a 200-day moving average of $11.40. The company has a current ratio of 4.60, a quick ratio of 4.50 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.05). The business had revenue of $304.94 million for the quarter, compared to the consensus estimate of $287.28 million. Lightspeed Commerce had a positive return on equity of 0.33% and a negative net margin of 61.11%. The firm's revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share. On average, equities research analysts predict that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Lightspeed Commerce by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,372,421 shares of the company's stock worth $47,004,000 after acquiring an additional 39,115 shares during the period. Wishbone Management LP bought a new stake in shares of Lightspeed Commerce during the first quarter worth approximately $32,156,000. Nuveen Asset Management LLC boosted its stake in shares of Lightspeed Commerce by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company's stock valued at $48,009,000 after buying an additional 24,891 shares during the period. Goldman Sachs Group Inc. grew its position in Lightspeed Commerce by 151.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company's stock worth $18,803,000 after buying an additional 1,295,469 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Lightspeed Commerce by 1.1% during the fourth quarter. Bank of Montreal Can now owns 2,022,590 shares of the company's stock worth $30,803,000 after buying an additional 21,357 shares in the last quarter. Institutional investors 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.