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

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have received a consensus rating of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$16.45.

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Lightspeed Commerce from C$19.00 to C$20.00 in a research note on Friday, November 7th. Stifel Nicolaus decreased their target price on shares of Lightspeed Commerce from C$15.00 to C$12.00 and set a “hold” rating for the company in a research note on Friday, February 6th. Barclays dropped their price target on Lightspeed Commerce from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research report on Friday, February 6th. TD Securities reduced their price objective on Lightspeed Commerce from C$15.00 to C$11.00 and set a “hold” rating for the company in a research note on Friday, February 6th. Finally, Royal Bank Of Canada decreased their price objective on Lightspeed Commerce from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research report on Friday, February 6th.

Lightspeed Commerce Trading Down 4.8%

TSE:LSPD opened at C$12.20 on Tuesday. The stock’s 50 day moving average price is C$15.14 and its 200 day moving average price is C$16.07. The company has a market capitalization of C$1.68 billion, a PE ratio of -2.66 and a beta of 2.24. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. Lightspeed Commerce has a 52-week low of C$10.50 and a 52-week 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 for the quarter. The company had revenue of C$428.71 million during the quarter. Lightspeed Commerce had a negative return on equity of 5.25% and a negative net margin of 11.75%. On average, research analysts anticipate that Lightspeed Commerce will post 0.5970516 EPS for the current 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.