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

Lightspeed Commerce (NYSE:LSPD) had its target price reduced by investment analysts at National Bankshares from $20.00 to $15.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 15.96% from the company’s current price.

Several other brokerages have also issued reports on LSPD. Wells Fargo & Company decreased their target price on Lightspeed Commerce from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, February 9th. JPMorgan Chase & Co. decreased their target price on Lightspeed Commerce from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Scotiabank decreased their target price on Lightspeed Commerce from $22.00 to $20.00 and set a “sector outperform” rating for the company in a research report on Friday, February 9th. Piper Sandler reaffirmed a “neutral” rating and set a $18.00 target price on shares of Lightspeed Commerce in a research report on Thursday, February 15th. Finally, Barclays decreased their target price on Lightspeed Commerce from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.74.

Lightspeed Commerce Trading Down 0.4 %

NYSE LSPD opened at $12.94 on Thursday. The firm has a market capitalization of $1.98 billion, a P/E ratio of -9.58 and a beta of 2.37. The business has a fifty day simple moving average of $13.67 and a 200 day simple moving average of $15.70. Lightspeed Commerce has a 12 month low of $12.23 and a 12 month high of $21.71. The company has a current ratio of 6.21, a quick ratio of 6.09 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, February 8th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. Lightspeed Commerce had a negative return on equity of 2.68% and a negative net margin of 23.85%. The business had revenue of $239.70 million during the quarter, compared to analyst estimates of $236.31 million. On average, analysts predict that Lightspeed Commerce will post -0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LSPD. Nuveen Asset Management LLC bought a new position in Lightspeed Commerce in the 4th quarter worth about $65,494,000. Royal Bank of Canada grew its holdings in shares of Lightspeed Commerce by 249.8% during the first quarter. Royal Bank of Canada now owns 3,280,715 shares of the company’s stock worth $99,964,000 after purchasing an additional 2,342,867 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Lightspeed Commerce by 212.7% during the first quarter. Wellington Management Group LLP now owns 2,478,103 shares of the company’s stock worth $75,508,000 after purchasing an additional 1,685,608 shares in the last quarter. Norges Bank purchased a new position in shares of Lightspeed Commerce during the fourth quarter worth about $20,817,000. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of Lightspeed Commerce by 365.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,348,120 shares of the company’s stock worth $28,317,000 after purchasing an additional 1,058,320 shares in the last quarter. Institutional investors own 68.68% of the company’s stock.

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.