BTIG Research Has Lowered Expectations for Lightspeed Commerce (TSE:LSPD) Stock Price

Lightspeed Commerce (TSE:LSPD) had its price objective decreased by analysts at BTIG Research from C$16.00 to C$15.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. BTIG Research’s target price would indicate a potential upside of 17.28% from the stock’s previous close.

Several other equities research analysts also recently weighed in on LSPD. JPMorgan Chase & Co. increased their price target on Lightspeed Commerce from C$19.00 to C$20.00 in a report on Friday, November 7th. Jefferies Financial Group reduced their target price on Lightspeed Commerce from C$20.00 to C$15.50 in a research note on Monday, November 24th. Finally, TD Securities decreased their target price on Lightspeed Commerce from C$15.00 to C$11.00 and set a “hold” rating for the company in a research report on Friday. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$17.39.

Lightspeed Commerce Price Performance

LSPD traded up C$0.03 during trading hours on Friday, hitting C$12.79. The company’s stock had a trading volume of 926,271 shares, compared to its average volume of 847,527. The stock has a market cap of C$1.74 billion, a price-to-earnings ratio of -2.84 and a beta of 2.24. The business’s 50-day moving average price is C$16.04 and its 200-day moving average price is C$16.54. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83. Lightspeed Commerce has a 12 month low of C$10.50 and a 12 month high of C$19.89.

Lightspeed Commerce (TSE:LSPD) last issued its quarterly earnings data on Thursday, February 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. Lightspeed Commerce had a negative return on equity of 5.25% and a negative net margin of 11.75%.The business had revenue of C$428.71 million for the quarter. Sell-side analysts expect that Lightspeed Commerce will post 0.5970516 earnings per share for the current fiscal year.

About Lightspeed Commerce

Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accepts payments, and grow their business. The company sells its platform through a direct sales force in the United States, Canada, Netherlands, Australia, and other countries. It derives a majority of its revenue from the United States.