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

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

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $9.00 price target (down previously from $10.00) on shares of Lightspeed Commerce in a report on Monday, April 14th. National Bankshares decreased their target price on Lightspeed Commerce from $15.00 to $13.10 and set a "sector perform" rating for the company in a research report on Friday, April 25th. Piper Sandler reduced their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Bank of America dropped their price target on Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Finally, Barclays decreased their price target on Lightspeed Commerce from $13.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Lightspeed Commerce currently has an average rating of "Hold" and an average price target of $14.09.

Lightspeed Commerce Stock Up 1.8%

Shares of LSPD stock traded up $0.22 on Thursday, hitting $12.57. The stock had a trading volume of 392,145 shares, compared to its average volume of 907,020. The business has a 50 day moving average of $11.29 and a 200 day moving average of $11.57. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -2.87, a price-to-earnings-growth ratio of 4.02 and a beta of 2.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.36 and a quick ratio of 5.26. 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 quarterly earnings results on Thursday, May 22nd. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $253.42 million for the quarter, compared to the consensus estimate of $252.51 million. Lightspeed Commerce had a negative net margin of 61.96% and a positive return on equity of 0.79%. Lightspeed Commerce's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. As a group, analysts expect that Lightspeed Commerce will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in 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 worth $98,000 after buying an additional 1,124 shares during the last quarter. Tempus Wealth Planning LLC acquired a new position in Lightspeed Commerce during the 1st quarter worth about $119,000. BIT Capital GmbH acquired a new position in Lightspeed Commerce during the 1st quarter worth about $150,000. Bayesian Capital Management LP purchased a new stake in Lightspeed Commerce during the 4th quarter worth about $165,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Lightspeed Commerce during the 4th 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.