Truist Financial Increases Lightspeed Commerce (NYSE:LSPD) Price Target to $12.00

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its target price hoisted by Truist Financial from $11.00 to $12.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "hold" rating on the stock. Truist Financial's target price suggests a potential downside of 4.53% from the company's previous close.

LSPD has been the topic of a number of other reports. Scotiabank decreased their target price on Lightspeed Commerce from $11.00 to $10.00 and set a "sector perform" rating on the stock in a report on Friday, May 23rd. Atb Cap Markets lowered Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 26th. Bank of America decreased their price objective on Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Benchmark decreased their price objective on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Finally, Wells Fargo & Company reduced their target price on Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $14.09.

Lightspeed Commerce Stock Up 1.8%

NYSE LSPD traded up $0.22 during trading on Thursday, hitting $12.57. The stock had a trading volume of 392,145 shares, compared to its average volume of 905,344. The company has a market capitalization of $1.84 billion, a PE ratio of -2.87, a P/E/G ratio of 3.90 and a beta of 2.48. The company's 50-day moving average price is $11.24 and its two-hundred day moving average price is $11.64. 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 has a 12 month low of $7.34 and a 12 month high of $18.96.

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

Institutional Investors Weigh In On Lightspeed Commerce

Several large investors have recently added to or reduced their stakes in LSPD. PNC Financial Services Group Inc. grew its stake in Lightspeed Commerce by 5.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company's stock valued at $370,000 after acquiring an additional 1,276 shares during the period. Amundi grew its stake in Lightspeed Commerce by 20.5% in the fourth quarter. Amundi now owns 22,538 shares of the company's stock valued at $347,000 after acquiring an additional 3,838 shares during the period. Vanguard Group Inc. grew its stake 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. grew its stake in 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. Finally, Norges Bank bought a new position in shares of Lightspeed Commerce in the fourth quarter valued at approximately $964,000. 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.