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

Key Points

• Scotiabank raised its price target for Lightspeed Commerce from $10.00 to $12.00, suggesting a potential downside of 13.23% from the stock's previous close.
• Other analysts have revised their price targets downward, with significant reductions from National Bankshares and Morgan Stanley, indicating mixed investor sentiment.
• As of the latest trading session, Lightspeed Commerce's shares were up 1.0% at $13.83, with a 50-day moving average price of $11.54.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its target price raised by analysts at Scotiabank from $10.00 to $12.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's target price would indicate a potential downside of 0.54% from the stock's previous close.

A number of other equities research analysts have also recently commented on the company. 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. Barclays decreased their price target on Lightspeed Commerce from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. National Bankshares decreased their price target 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. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $9.00 price target (down from $10.00) on shares of Lightspeed Commerce in a research note on Monday, April 14th. Finally, Morgan Stanley decreased their price target on Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. 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. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $14.51.

Lightspeed Commerce Stock Down 3.0%

LSPD stock traded down $0.38 during trading on Monday, reaching $12.07. 191,365 shares of the company traded hands, compared to its average volume of 943,497. Lightspeed Commerce has a 12 month low of $7.34 and a 12 month high of $18.96. The business has a 50 day simple moving average of $11.75 and a 200 day simple moving average of $11.48. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -2.75, a price-to-earnings-growth 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.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its quarterly earnings data 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 61.96% and a positive return on equity of 0.79%. The company had revenue of $304.94 million for the quarter, compared to the consensus estimate of $287.28 million. During the same period in the previous year, the business earned $0.10 EPS. Lightspeed Commerce's revenue for the quarter was up 14.6% compared to the same quarter last year. On average, equities research analysts anticipate that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Several institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Lightspeed Commerce by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,197 shares of the company's stock valued at $98,000 after purchasing an additional 1,124 shares during the period. Scotia Capital Inc. grew its holdings in Lightspeed Commerce by 12.0% in the fourth quarter. Scotia Capital Inc. now owns 19,225 shares of the company's stock valued at $293,000 after purchasing an additional 2,053 shares during the period. Geode Capital Management LLC grew its holdings in 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 purchasing an additional 2,347 shares during the period. Toronto Dominion Bank grew its holdings in Lightspeed Commerce by 17.6% in the fourth quarter. Toronto Dominion Bank now owns 20,477 shares of the company's stock valued at $312,000 after purchasing an additional 3,069 shares during the period. Finally, PCJ Investment Counsel Ltd. grew its holdings in Lightspeed Commerce by 2.7% in the first quarter. PCJ Investment Counsel Ltd. now owns 126,420 shares of the company's stock valued at $1,106,000 after purchasing an additional 3,360 shares during the period. 68.68% of the stock is owned by institutional investors and hedge funds.

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.