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

Key Points

• Stifel Nicolaus has raised its price target for Lightspeed Commerce from $12.00 to $14.00, indicating a potential upside of 13.34% from the stock's previous close.
• A majority of analysts currently rate Lightspeed Commerce as a "hold," with a consensus price target of $14.74 per share.
• In its latest earnings report, Lightspeed Commerce posted revenue of $304.94 million but missed earnings expectations, reporting $0.06 EPS against a consensus of $0.11.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) had its price objective upped by equities research analysts at Stifel Nicolaus from $12.00 to $14.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. Stifel Nicolaus' price target indicates a potential upside of 13.24% from the stock's current price.

A number of other research firms have also issued reports on LSPD. National Bankshares lowered their target price on shares of Lightspeed Commerce from $15.00 to $13.10 and set a "sector perform" rating on the stock in a research note on Friday, April 25th. Morgan Stanley lowered their target price on shares of Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Scotiabank raised their target price on shares of Lightspeed Commerce from $10.00 to $12.00 and gave the company a "sector perform" rating in a research note on Monday, July 28th. Benchmark raised their price target on shares of Lightspeed Commerce from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Barclays raised their price target on shares of Lightspeed Commerce from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Lightspeed Commerce currently has an average rating of "Hold" and a consensus target price of $14.74.

Lightspeed Commerce Stock Down 1.5%

Shares of Lightspeed Commerce stock traded down $0.19 during midday trading on Friday, reaching $12.36. 369,120 shares of the company's stock traded hands, compared to its average volume of 941,452. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -2.75, a price-to-earnings-growth ratio of 3.94 and a beta of 2.48. The company's 50 day simple moving average is $11.82 and its 200 day simple moving average is $11.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.50 and a current ratio of 4.60. Lightspeed Commerce has a 52 week low of $7.34 and a 52 week high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings results 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). The business had revenue of $304.94 million for the quarter, compared to the consensus estimate of $287.28 million. Lightspeed Commerce had a negative net margin of 61.11% and a positive return on equity of 0.33%. The firm's revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 EPS. Equities analysts expect that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Lightspeed Commerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Lightspeed Commerce by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,372,421 shares of the company's stock worth $47,004,000 after acquiring an additional 39,115 shares in the last quarter. Wishbone Management LP bought a new position in shares of Lightspeed Commerce in the first quarter valued at about $32,156,000. Nuveen Asset Management LLC raised its position in shares of Lightspeed Commerce by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company's stock valued at $48,009,000 after purchasing an additional 24,891 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Lightspeed Commerce by 151.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company's stock valued at $18,803,000 after purchasing an additional 1,295,469 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Lightspeed Commerce by 1.1% in the fourth quarter. Bank of Montreal Can now owns 2,022,590 shares of the company's stock valued at $30,803,000 after purchasing an additional 21,357 shares during the period. 68.68% of the stock is owned by institutional investors.

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.