Lightspeed Commerce (NYSE:LSPD) Given New $15.00 Price Target at National Bankshares

Lightspeed Commerce (NYSE:LSPD) had its target price cut by equities researchers at National Bankshares from $20.00 to $15.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 14.94% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on LSPD. JPMorgan Chase & Co. decreased their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Truist Financial increased their price target on shares of Lightspeed Commerce from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, January 12th. TD Securities downgraded shares of Lightspeed Commerce from a “buy” rating to a “hold” rating and cut their price objective for the stock from $25.00 to $17.50 in a research report on Friday, February 9th. National Bank Financial cut shares of Lightspeed Commerce from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Thursday, February 8th. Finally, Barclays lowered their target price on shares of Lightspeed Commerce from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.74.

Lightspeed Commerce Trading Down 0.4 %

Shares of NYSE LSPD traded down $0.05 during mid-day trading on Thursday, reaching $13.05. The company had a trading volume of 266,512 shares, compared to its average volume of 1,355,019. The business’s 50-day moving average is $13.73 and its 200-day moving average is $15.73. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -9.68 and a beta of 2.37. Lightspeed Commerce has a 52 week low of $12.23 and a 52 week 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 issued its earnings results on Thursday, February 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.12. The company had revenue of $239.70 million for the quarter, compared to analysts’ expectations of $236.31 million. Lightspeed Commerce had a negative net margin of 23.85% and a negative return on equity of 2.68%. Equities analysts expect that Lightspeed Commerce will post -0.5 earnings per share for the current year.

Institutional Trading of Lightspeed Commerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Addenda Capital Inc. raised its stake in shares of Lightspeed Commerce by 5.3% in the first quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock worth $560,000 after purchasing an additional 1,990 shares during the last quarter. Vanguard Group Inc. raised its position in Lightspeed Commerce by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 5,037,088 shares of the company’s stock worth $105,728,000 after buying an additional 98,587 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Lightspeed Commerce by 36.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 477,786 shares of the company’s stock worth $10,029,000 after purchasing an additional 126,855 shares during the last quarter. Legal & General Group Plc lifted its position in Lightspeed Commerce by 1.7% during the fourth quarter. Legal & General Group Plc now owns 152,189 shares of the company’s stock valued at $3,208,000 after purchasing an additional 2,580 shares during the period. Finally, Nuveen Asset Management LLC acquired a new position in Lightspeed Commerce during the fourth quarter valued at $65,494,000. Institutional investors and hedge funds 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.