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 price target hoisted by equities researchers at Scotiabank from $10.00 to $12.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's price objective would suggest a potential downside of 13.23% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. National Bankshares decreased their price objective 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. Morgan Stanley decreased their price objective on shares of Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $9.00 price objective (down from $10.00) on shares of Lightspeed Commerce in a report on Monday, April 14th. Barclays decreased their price objective on shares of Lightspeed Commerce from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Finally, Truist Financial upped their price objective on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $14.21.

Lightspeed Commerce Stock Up 1.0%

Shares of Lightspeed Commerce stock traded up $0.14 on Monday, hitting $13.83. 801,987 shares of the company traded hands, compared to its average volume of 938,507. The company has a 50-day moving average price of $11.54 and a 200 day moving average price of $11.48. The company has a quick ratio of 5.26, a current ratio of 5.36 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 12-month low of $7.34 and a 12-month high of $18.96. The company has a market cap of $1.90 billion, a PE ratio of -3.16, a PEG ratio of 4.39 and a beta of 2.48.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Lightspeed Commerce had a negative net margin of 61.96% and a positive return on equity of 0.79%. The company had revenue of $253.42 million for the quarter, compared to analysts' expectations of $252.51 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The company's revenue was up 10.1% on a year-over-year basis. Sell-side analysts predict that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LSPD. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Lightspeed Commerce by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,197 shares of the company's stock valued at $98,000 after buying an additional 1,124 shares during the last quarter. Tempus Wealth Planning LLC acquired a new position in Lightspeed Commerce in the first quarter worth about $119,000. BIT Capital GmbH acquired a new position in Lightspeed Commerce in the first quarter worth about $150,000. Bayesian Capital Management LP acquired a new position in Lightspeed Commerce in the fourth quarter worth about $165,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Lightspeed Commerce in the fourth quarter worth about $256,000. Institutional investors and hedge funds own 68.68% of the company's stock.

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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