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 price target upped by equities researchers at Barclays from $12.00 to $15.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price objective suggests a potential upside of 24.79% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. Scotiabank upped their target price on shares of Lightspeed Commerce from $10.00 to $12.00 and gave the stock a "sector perform" rating in a report on Monday. Morgan Stanley dropped their target price on shares of Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $9.00 price target (down previously from $10.00) on shares of Lightspeed Commerce in a research report on Monday, April 14th. Truist Financial boosted their price target on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Finally, National Bankshares lowered their price target on shares of 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $14.39.

Lightspeed Commerce Price Performance

Lightspeed Commerce stock opened at $12.02 on Friday. Lightspeed Commerce has a 52-week low of $7.34 and a 52-week high of $18.96. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -2.74, a PEG ratio of 4.22 and a beta of 2.48. The company has a fifty day simple moving average of $11.75 and a 200-day simple moving average of $11.48. The company has a quick ratio of 5.26, a current ratio of 5.36 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.05). Lightspeed Commerce had a positive return on equity of 0.79% and a negative net margin of 61.96%. The business had revenue of $304.94 million for the quarter, compared to analysts' expectations of $287.28 million. During the same period in the previous year, the company earned $0.10 EPS. Lightspeed Commerce's quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Wishbone Management LP acquired a new stake in shares of Lightspeed Commerce during the first quarter worth about $32,156,000. Ameriprise Financial Inc. acquired a new stake in shares of Lightspeed Commerce during the fourth quarter worth about $24,334,000. Goldman Sachs Group Inc. lifted its position in shares of 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 purchasing an additional 1,295,469 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Lightspeed Commerce by 304.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 397,752 shares of the company's stock worth $6,061,000 after purchasing an additional 299,482 shares in the last quarter. Finally, Invenomic Capital Management LP acquired a new stake in shares of Lightspeed Commerce during the first quarter worth about $1,963,000. 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.

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