Lightspeed Commerce (NYSE:LSPD) Stock Price Expected to Rise, National Bankshares Analyst Says

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 - Free Report) had its target price increased by National Bankshares from $13.00 to $15.00 in a research note published on Friday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other research analysts have also issued reports on LSPD. Benchmark raised their price target on shares of Lightspeed Commerce from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Friday. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $9.00 price objective (down previously from $10.00) on shares of Lightspeed Commerce in a research note on Monday, April 14th. Barclays lifted their price objective on shares of Lightspeed Commerce from $12.00 to $15.00 and gave the company an "equal weight" rating in a research note on Friday. Scotiabank lifted their price objective on shares of Lightspeed Commerce from $10.00 to $12.00 and gave the company a "sector perform" rating in a research note on Monday, July 28th. Finally, Stifel Nicolaus lifted their price objective on shares of Lightspeed Commerce from $12.00 to $14.00 and gave the company a "hold" rating in a research note on Friday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $14.74.

Lightspeed Commerce Price Performance

Lightspeed Commerce stock traded down $0.19 during trading hours on Friday, reaching $12.36. 369,120 shares of the stock were exchanged, compared to its average volume of 941,452. The company has a market cap of $1.70 billion, a P/E ratio of -2.75, a price-to-earnings-growth ratio of 3.94 and a beta of 2.48. 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 has a twelve month low of $7.34 and a twelve month high of $18.96. The stock has a 50 day moving average of $11.82 and a two-hundred day moving average of $11.40.

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

Institutional Investors Weigh In On Lightspeed Commerce

Several hedge funds have recently bought and sold shares of LSPD. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Lightspeed Commerce by 27.4% in 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 during the period. Bayesian Capital Management LP purchased a new position in shares of Lightspeed Commerce in the fourth quarter worth $165,000. Tempus Wealth Planning LLC purchased a new position in shares of Lightspeed Commerce in the first quarter worth $119,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Lightspeed Commerce in the fourth quarter worth $256,000. Finally, Twinbeech Capital LP purchased a new position in shares of Lightspeed Commerce in the fourth quarter worth $261,000. 68.68% of the stock is currently owned by institutional investors.

About Lightspeed Commerce

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.