Lightspeed Commerce (TSE:LSPD) Releases Quarterly Earnings Results

Lightspeed Commerce (TSE:LSPD) announced its quarterly earnings results on Thursday. The company reported C$0.21 EPS for the quarter, FiscalAI reports. Lightspeed Commerce had a negative return on equity of 5.25% and a negative net margin of 11.75%.The business had revenue of C$428.71 million for the quarter.

Lightspeed Commerce Price Performance

TSE:LSPD traded down C$0.59 during trading hours on Thursday, hitting C$13.18. The stock had a trading volume of 1,006,739 shares, compared to its average volume of 763,697. The firm has a market capitalization of C$1.79 billion, a price-to-earnings ratio of -2.92 and a beta of 2.24. Lightspeed Commerce has a one year low of C$10.50 and a one year high of C$19.89. The company has a 50 day simple moving average of C$16.10 and a two-hundred day simple moving average of C$16.57. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LSPD shares. Jefferies Financial Group decreased their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.50 in a research note on Monday, November 24th. JPMorgan Chase & Co. lifted their price objective on Lightspeed Commerce from C$19.00 to C$20.00 in a research report on Friday, November 7th. Finally, TD Securities increased their target price on Lightspeed Commerce from C$13.00 to C$15.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lightspeed Commerce has a consensus rating of “Hold” and an average target price of C$19.14.

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.