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

Lightspeed Commerce Inc. (TSE:LSPD) has been assigned an average rating of “Hold” from the ten research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$19.14.

A number of research firms recently issued reports on LSPD. Jefferies Financial Group lowered their target price on Lightspeed Commerce from C$20.00 to C$15.50 in a report on Monday, November 24th. TD Securities increased their target price on Lightspeed Commerce from C$13.00 to C$15.00 and gave the company a “hold” rating in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Lightspeed Commerce from C$19.00 to C$20.00 in a report on Friday, November 7th.

Lightspeed Commerce Trading Up 2.6%

LSPD opened at C$15.67 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05. Lightspeed Commerce has a 12-month low of C$10.50 and a 12-month high of C$21.72. The firm’s fifty day moving average price is C$16.26 and its 200 day moving average price is C$16.65. The stock has a market capitalization of C$2.13 billion, a PE ratio of -3.47 and a beta of 2.56.

Lightspeed Commerce (TSE:LSPD) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.16 earnings per share (EPS) for the quarter. The company had revenue of C$444.13 million for the quarter. Lightspeed Commerce had a negative net margin of 11.75% and a negative return on equity of 5.25%. As a group, research analysts expect that Lightspeed Commerce will post 0.5970516 EPS 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.