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

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have been given an average recommendation of “Hold” by the seven research firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$16.45.

Several analysts have recently commented on LSPD shares. BTIG Research lowered 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 report on Friday, February 6th. Stifel Nicolaus cut their price target on shares of Lightspeed Commerce from C$15.00 to C$12.00 and set a “hold” rating on the stock in a report on Friday, February 6th. Barclays reduced 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 research report on Friday, February 6th. TD Securities decreased their price objective 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. Finally, Royal Bank Of Canada dropped their target price on shares of Lightspeed Commerce from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th.

Lightspeed Commerce Stock Up 0.8%

Shares of TSE:LSPD opened at C$12.69 on Friday. The business’s 50 day moving average is C$12.53 and its 200 day moving average is C$14.70. Lightspeed Commerce has a 12-month low of C$11.45 and a 12-month high of C$19.89. The stock has a market cap of C$1.74 billion, a price-to-earnings ratio of -2.77 and a beta of 1.51. 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 released its quarterly earnings results on Thursday, February 5th. The company reported C$0.21 EPS for the quarter. Lightspeed Commerce had a negative return on equity of 44.56% and a negative net margin of 57.96%.The business had revenue of C$428.71 million during the quarter. On average, sell-side analysts forecast that Lightspeed Commerce will post 0.5970516 earnings per share 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.