Stifel Nicolaus Raises Lightspeed Commerce (NYSE:LSPD) Price Target to $14.00

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 target price lifted by Stifel Nicolaus from $12.00 to $14.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. Stifel Nicolaus' price target suggests a potential upside of 13.34% from the stock's previous close.

A number of other analysts have also recently weighed in on the stock. Barclays raised their target price on shares of Lightspeed Commerce from $12.00 to $15.00 and gave the stock an "equal weight" rating in a report on Friday. National Bankshares decreased their price target 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. Truist Financial raised their target price 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. Morgan Stanley lowered their price objective on shares of Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Scotiabank increased their target price on Lightspeed Commerce from $10.00 to $12.00 and gave the company a "sector perform" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $14.74.

Lightspeed Commerce Stock Performance

NYSE LSPD traded down $0.09 on Friday, hitting $12.35. The stock had a trading volume of 460,407 shares, compared to its average volume of 945,341. The company's 50-day moving average is $11.75 and its two-hundred day moving average is $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. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of -2.82, a P/E/G ratio of 4.22 and a beta of 2.48. Lightspeed Commerce has a one year low of $7.34 and a one year high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.05). Lightspeed Commerce had a negative net margin of 61.96% and a positive return on equity of 0.79%. The company had revenue of $304.94 million during the quarter, compared to the consensus estimate of $287.28 million. During the same quarter in the prior year, the company earned $0.10 EPS. The business's quarterly revenue was up 14.6% on a year-over-year basis. On average, analysts expect that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings 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 acquired a new stake in shares of Lightspeed Commerce during the first quarter worth $32,156,000. Nuveen Asset Management LLC increased its holdings in Lightspeed Commerce by 0.8% during the 4th quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company's stock worth $48,009,000 after purchasing an additional 24,891 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 in the last quarter. Finally, Bank of Montreal Can raised its position in Lightspeed Commerce by 1.1% in the 4th quarter. Bank of Montreal Can now owns 2,022,590 shares of the company's stock valued at $30,803,000 after buying an additional 21,357 shares during the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

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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