Lightspeed Commerce (NYSE:LSPD) Price Target Raised to $15.00

Key Points

• National Bankshares has raised its price target for Lightspeed Commerce from $13.00 to $15.00, indicating a potential upside of 21.44% from the current price.
• Currently, the stock has an average rating of "Hold" from analysts, with an overall average target price of $14.74.
• Lightspeed Commerce has reported a 14.6% year-over-year increase in revenue, totaling $304.94 million, despite missing earnings estimates for the quarter.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its price objective raised by investment analysts at National Bankshares from $13.00 to $15.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' target price would suggest a potential upside of 21.44% from the company's current price.

Other analysts also recently issued reports about the stock. Scotiabank boosted their price target on shares of Lightspeed Commerce from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research report on Monday. Truist Financial increased their price target on Lightspeed Commerce from $11.00 to $12.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Morgan Stanley dropped their price objective on Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $9.00 target price (down previously from $10.00) on shares of Lightspeed Commerce in a research note on Monday, April 14th. Finally, Stifel Nicolaus boosted their price target on shares of Lightspeed Commerce from $12.00 to $14.00 and gave the stock a "hold" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $14.74.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock traded down $0.09 on Friday, reaching $12.35. 460,407 shares of the company were exchanged, compared to its average volume of 945,341. Lightspeed Commerce has a 1-year low of $7.34 and a 1-year high of $18.96. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -2.82, a P/E/G ratio of 4.22 and a beta of 2.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.26 and a current ratio of 5.36. The company's 50-day moving average is $11.75 and its two-hundred day moving average is $11.48.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.06 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $304.94 million during the quarter, compared to the consensus estimate of $287.28 million. During the same quarter last year, the company posted $0.10 EPS. Lightspeed Commerce's revenue for the quarter was up 14.6% on a year-over-year basis. As a group, research analysts expect that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Lightspeed Commerce by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company's stock worth $81,319,000 after purchasing an additional 70,324 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Lightspeed Commerce by 27.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock worth $158,000 after buying an additional 2,168 shares in the last quarter. Norges Bank bought a new stake in shares of Lightspeed Commerce during the fourth quarter worth $964,000. Geode Capital Management LLC increased its stake in shares of Lightspeed Commerce by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 67,267 shares of the company's stock valued at $1,036,000 after buying an additional 2,347 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Lightspeed Commerce in the fourth quarter valued at about $565,000. 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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