National Bankshares Boosts Lightspeed Commerce (NYSE:LSPD) Price Target to $16.00

Lightspeed Commerce (NYSE:LSPD) had its target price raised by equities research analysts at National Bankshares from $15.00 to $16.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 2.96% from the company’s previous close.

A number of other brokerages also recently weighed in on LSPD. National Bank Financial downgraded Lightspeed Commerce from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Thursday, February 8th. Bank of America increased their target price on shares of Lightspeed Commerce from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday. TD Securities downgraded shares of Lightspeed Commerce from a “buy” rating to a “hold” rating and cut their target price for the company from $25.00 to $17.50 in a research note on Friday, February 9th. BMO Capital Markets lifted their price objective on Lightspeed Commerce from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Jefferies Financial Group initiated coverage on Lightspeed Commerce in a research note on Wednesday. They set a “hold” rating and a $14.00 price target for the company. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.61.

Lightspeed Commerce Price Performance

NYSE:LSPD traded up $0.44 during mid-day trading on Friday, hitting $15.54. 1,101,650 shares of the company’s stock traded hands, compared to its average volume of 1,338,045. The firm’s 50 day simple moving average is $13.53 and its 200 day simple moving average is $15.66. The company has a market cap of $2.38 billion, a PE ratio of -11.52 and a beta of 2.34. Lightspeed Commerce has a 1 year low of $12.23 and a 1 year high of $21.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.09 and a current ratio of 6.21.

Institutional Investors Weigh In On Lightspeed Commerce

Large investors have recently made changes to their positions in the business. Westfield Capital Management Co. LP purchased a new position in shares of Lightspeed Commerce during the 1st quarter valued at about $34,984,000. Norges Bank purchased a new position in shares of Lightspeed Commerce during the fourth quarter worth approximately $25,993,000. Hillsdale Investment Management Inc. lifted its position in shares of Lightspeed Commerce by 365.2% in the 4th 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 during the period. Azora Capital LP raised its stake in Lightspeed Commerce by 133.1% in the fourth quarter. Azora Capital LP now owns 1,579,312 shares of the company’s stock worth $33,166,000 after buying an additional 901,861 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in shares of Lightspeed Commerce by 13.4% during the fourth quarter. Artisan Partners Limited Partnership now owns 5,297,686 shares of the company’s stock valued at $111,232,000 after buying an additional 627,796 shares during the last quarter. 68.68% of the stock is currently owned by institutional investors.

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.