Lightspeed Commerce Inc. (TSE:LSPD) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$21.39.

Several analysts have issued reports on LSPD shares. CIBC cut their price objective on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Friday. Raymond James cut their price objective on Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Friday. BMO Capital Markets cut their price objective on Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Friday. National Bankshares cut their price objective on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, TD Securities cut their price objective on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating on the stock in a research note on Friday.

Lightspeed Commerce Stock Up 3.4 %

Shares of LSPD traded up C$0.61 during midday trading on Friday, reaching C$18.65. 1,007,760 shares of the company were exchanged, compared to its average volume of 600,554. The stock has a 50-day moving average price of C$22.23 and a 200-day moving average price of C$20.91. The company has a market cap of C$2.83 billion, a price-to-earnings ratio of -13.92 and a beta of 2.69. Lightspeed Commerce has a 1-year low of C$16.04 and a 1-year high of C$26.60. The company has a current ratio of 6.19, a quick ratio of 6.05 and a debt-to-equity ratio of 0.99.

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.