Lightspeed Commerce (TSE:LSPD) Trading Up 0.4% – What’s Next?

Lightspeed Commerce Inc. (TSE:LSPD) shares were up 0.4% during mid-day trading on Wednesday . The stock traded as high as C$12.64 and last traded at C$12.41. Approximately 1,040,038 shares changed hands during trading, an increase of 35% from the average daily volume of 767,989 shares. The stock had previously closed at C$12.36.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays decreased their target price on shares of Lightspeed Commerce from C$14.00 to C$12.00 and set a “hold” rating for the company in a research note on Friday, February 6th. TD Securities decreased their target price on shares of 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. Royal Bank Of Canada decreased their target price on shares of Lightspeed Commerce from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. 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. Finally, BTIG Research decreased their target price on shares of Lightspeed Commerce from C$16.00 to C$15.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Lightspeed Commerce presently has a consensus rating of “Hold” and a consensus target price of C$16.45.

Lightspeed Commerce Stock Up 0.8%

The firm has a market capitalization of C$1.74 billion, a PE ratio of -2.77 and a beta of 1.51. The firm’s 50 day moving average price is C$12.53 and its two-hundred day moving average price is C$14.70. The company has a quick ratio of 6.05, a current ratio of 4.40 and a debt-to-equity ratio of 2.33.

Lightspeed Commerce (TSE:LSPD) last announced its earnings results on Thursday, February 5th. The company reported C$0.21 earnings per share for the quarter. Lightspeed Commerce had a negative net margin of 57.96% and a negative return on equity of 44.56%. The business had revenue of C$428.71 million during the quarter. As a group, research analysts forecast that Lightspeed Commerce Inc. will post 0.5970516 EPS for the current fiscal year.

Lightspeed Commerce Company Profile

Lightspeed is the POS and payments platform powering businesses at the heart of communities in over 100 countries. As the partner of choice for ambitious retail, golf and hospitality entrepreneurs, Lightspeed helps businesses accelerate growth, deliver exceptional customer experiences, and run smarter across all channels and locations. With fast, flexible omnichannel technology, Lightspeed brings together point of sale, ecommerce, embedded payments, inventory, reporting, staff and supplier management, financial services, and an exclusive wholesale retail network.