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

Key Points

• Benchmark analysts increased their price target for Lightspeed Commerce (NYSE:LSPD) from $16.00 to $18.00, indicating a potential upside of 49.56% from its last close.
• Despite the positive outlook from Benchmark, JPMorgan Chase has an "underweight" rating with a reduced target price of $9.00, while several other firms have issued varying ratings and target prices.
• Lightspeed Commerce's recent earnings report showed a miss in earnings per share, reporting $0.06 against an expected $0.11, despite revenues rising by 14.6% year-over-year.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its price objective hoisted by research analysts at Benchmark from $16.00 to $18.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Benchmark's target price suggests a potential upside of 49.56% from the company's previous close.

LSPD has been the subject of a number of other reports. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $9.00 target price (down from $10.00) on shares of Lightspeed Commerce in a report on Monday, April 14th. National Bankshares reduced their target price on shares of Lightspeed Commerce from $15.00 to $13.10 and set a "sector perform" rating for the company in a report on Friday, April 25th. Truist Financial boosted their price target on Lightspeed Commerce from $11.00 to $12.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Morgan Stanley dropped their price target 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. Finally, Scotiabank boosted their price target on Lightspeed Commerce from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research note on Monday. 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, Lightspeed Commerce currently has an average rating of "Hold" and an average price target of $14.51.

Lightspeed Commerce Trading Down 3.3%

Shares of NYSE:LSPD traded down $0.41 on Friday, hitting $12.04. 171,273 shares of the company's stock were exchanged, compared to its average volume of 943,208. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.36 and a quick ratio of 5.26. The business's 50 day simple moving average is $11.75 and its two-hundred day simple moving average is $11.48. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -2.75, a price-to-earnings-growth ratio of 4.22 and a beta of 2.48. Lightspeed Commerce has a 12 month low of $7.34 and a 12 month high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.05). The firm had revenue of $304.94 million during the quarter, compared to the consensus estimate of $287.28 million. Lightspeed Commerce had a negative net margin of 61.96% and a positive return on equity of 0.79%. The business's revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. 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 LSPD. Vanguard Group Inc. lifted its holdings in Lightspeed Commerce by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company's stock valued at $81,319,000 after acquiring an additional 70,324 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Lightspeed Commerce by 27.4% during the 4th 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. Norges Bank acquired a new position in shares of Lightspeed Commerce during the 4th quarter worth approximately $964,000. Geode Capital Management LLC raised its stake in shares of Lightspeed Commerce by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 67,267 shares of the company's stock worth $1,036,000 after buying an additional 2,347 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Lightspeed Commerce during the 4th quarter worth approximately $565,000. 68.68% of the stock is owned by institutional investors and hedge funds.

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.

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