Benchmark Issues Positive Forecast for Lightspeed Commerce (NYSE:LSPD) Stock Price

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 target boosted by investment analysts at Benchmark from $16.00 to $18.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Benchmark's target price indicates a potential upside of 44.23% from the stock's current price.

LSPD has been the topic of a number of other reports. Truist Financial raised their price objective on Lightspeed Commerce from $11.00 to $12.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Barclays raised their price target on Lightspeed Commerce from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Friday. Morgan Stanley lowered their price objective on Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. National Bankshares dropped their price objective on Lightspeed Commerce from $15.00 to $13.10 and set a "sector perform" rating for the company in a research note on Friday, April 25th. Finally, Scotiabank increased their price objective on Lightspeed Commerce from $10.00 to $12.00 and gave the stock a "sector perform" rating in a report on Monday, July 28th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Lightspeed Commerce has an average rating of "Hold" and a consensus price target of $14.74.

Lightspeed Commerce Price Performance

LSPD stock traded down $0.07 during midday trading on Friday, reaching $12.48. The company had a trading volume of 863,095 shares, compared to its average volume of 944,978. Lightspeed Commerce has a 1 year low of $7.34 and a 1 year high of $18.96. The firm has a 50-day moving average price of $11.82 and a 200-day moving average price of $11.40. The company has a market capitalization of $1.71 billion, a P/E ratio of -2.77, a P/E/G ratio of 3.94 and a beta of 2.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.60 and a quick ratio of 4.50.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly 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 0.33% and a negative net margin of 61.11%. The business had revenue of $304.94 million for the quarter, compared to analysts' expectations of $287.28 million. During the same period last year, the business posted $0.10 earnings per share. The company's revenue was up 14.6% compared to the same quarter last year. On average, research analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Several hedge funds have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 valued at $158,000 after acquiring an additional 2,168 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of Lightspeed Commerce in the 4th quarter worth approximately $165,000. Tempus Wealth Planning LLC bought a new stake in Lightspeed Commerce during the 1st quarter valued at $119,000. Susquehanna Fundamental Investments LLC bought a new position in Lightspeed Commerce in the fourth quarter worth about $256,000. Finally, Twinbeech Capital LP purchased a new stake in Lightspeed Commerce during the fourth quarter valued at approximately $261,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

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.