National Bankshares Lowers Lightspeed Commerce (NYSE:LSPD) Price Target to $15.00

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its price target lowered by National Bankshares from $20.00 to $15.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bankshares' price target suggests a potential upside of 15.43% from the stock's previous close.

Several other equities analysts also recently issued reports on the stock. Truist Financial boosted their price target on shares of Lightspeed Commerce from $25.00 to $27.00 and gave the company a "buy" rating in a report on Friday, January 12th. Scotiabank reduced their price target on shares of Lightspeed Commerce from $22.00 to $20.00 and set a "sector outperform" rating for the company in a report on Friday, February 9th. BMO Capital Markets reduced their price target on shares of Lightspeed Commerce from $21.00 to $19.00 and set an "outperform" rating for the company in a report on Friday, February 9th. Wells Fargo & Company reduced their price target on shares of Lightspeed Commerce from $20.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, February 9th. Finally, National Bank Financial downgraded shares of Lightspeed Commerce from an "outperform market weight" rating to a "sector perform market weight" rating in a report on Thursday, February 8th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.74.

Lightspeed Commerce Stock Performance

LSPD stock traded down $0.11 during trading on Thursday, hitting $13.00. 641,964 shares of the company's stock traded hands, compared to its average volume of 1,360,390. The company has a quick ratio of 6.09, a current ratio of 6.21 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 52 week low of $12.23 and a 52 week high of $21.71. The stock has a fifty day moving average price of $13.73 and a two-hundred day moving average price of $15.73. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -9.67 and a beta of 2.37.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its earnings results on Thursday, February 8th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.12. Lightspeed Commerce had a negative net margin of 23.85% and a negative return on equity of 2.68%. The firm had revenue of $239.70 million during the quarter, compared to analyst estimates of $236.31 million. As a group, equities analysts anticipate that Lightspeed Commerce will post -0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

A number of institutional investors and hedge funds have recently bought and sold shares of LSPD. Raymond James & Associates lifted its holdings in Lightspeed Commerce by 19.8% in the 1st quarter. Raymond James & Associates now owns 74,890 shares of the company's stock valued at $2,282,000 after acquiring an additional 12,368 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Lightspeed Commerce by 16.3% during the 1st quarter. Bank of New York Mellon Corp now owns 149,006 shares of the company's stock worth $4,539,000 after buying an additional 20,838 shares during the period. Citigroup Inc. raised its holdings in Lightspeed Commerce by 9.2% during the 1st quarter. Citigroup Inc. now owns 19,479 shares of the company's stock worth $594,000 after buying an additional 1,636 shares during the period. PNC Financial Services Group Inc. raised its holdings in Lightspeed Commerce by 112.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,299 shares of the company's stock worth $40,000 after buying an additional 688 shares during the period. Finally, Natixis Advisors L.P. acquired a new stake in Lightspeed Commerce during the 1st quarter worth about $308,000. 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.