Lightspeed Commerce Inc. (TSE:LSPD) Receives Average Recommendation of “Hold” from Analysts

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$16.45.

LSPD has been the topic of several recent research reports. Royal Bank Of Canada dropped their price objective on shares of Lightspeed Commerce from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. JPMorgan Chase & Co. boosted their price target on shares of Lightspeed Commerce from C$19.00 to C$20.00 in a research report on Friday, November 7th. Barclays cut their price objective on shares of Lightspeed Commerce from C$14.00 to C$12.00 and set a “hold” rating for the company in a report on Friday, February 6th. Jefferies Financial Group reduced their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.50 in a research note on Monday, November 24th. Finally, BTIG Research lowered their target price on shares of Lightspeed Commerce from C$16.00 to C$15.00 and set a “buy” rating on the stock in a report on Friday, February 6th.

Lightspeed Commerce Price Performance

Lightspeed Commerce stock opened at C$12.25 on Tuesday. The business’s 50 day simple moving average is C$15.55 and its 200 day simple moving average is C$16.23. Lightspeed Commerce has a 12 month low of C$10.50 and a 12 month high of C$19.89. The company has a market cap of C$1.68 billion, a price-to-earnings ratio of -2.67 and a beta of 2.24. 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 (TSE:LSPD) last issued its earnings results 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 firm had revenue of C$428.71 million for the quarter. Sell-side analysts forecast that Lightspeed Commerce will post 0.5970516 EPS for the current year.

Lightspeed Commerce Company Profile

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.