TD Securities Lowers Lightspeed Commerce (TSE:LSPD) Price Target to C$11.00

Lightspeed Commerce (TSE:LSPD) had its price target reduced by TD Securities from C$15.00 to C$11.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target suggests a potential downside of 14.00% from the stock’s previous close.

A number of other research firms also recently weighed in on LSPD. JPMorgan Chase & Co. boosted their target price on shares of Lightspeed Commerce from C$19.00 to C$20.00 in a report on Friday, November 7th. Jefferies Financial Group dropped their target price on Lightspeed Commerce from C$20.00 to C$15.50 in a report on Monday, November 24th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$17.39.

Lightspeed Commerce Price Performance

TSE:LSPD traded up C$0.03 on Friday, reaching C$12.79. 926,271 shares of the company’s stock traded hands, compared to its average volume of 847,527. The firm has a market cap of C$1.74 billion, a PE ratio of -2.84 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. The stock has a 50-day simple moving average of C$16.04 and a 200-day simple moving average of C$16.54. Lightspeed Commerce has a 12 month low of C$10.50 and a 12 month high of C$19.89.

Lightspeed Commerce (TSE:LSPD) last released its earnings results on Thursday, February 5th. The company reported C$0.21 EPS for the quarter. Lightspeed Commerce had a negative net margin of 11.75% and a negative return on equity of 5.25%. The firm had revenue of C$428.71 million for the quarter. Equities research analysts forecast that Lightspeed Commerce will post 0.5970516 earnings per share 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.