Lightspeed Commerce (TSE:LSPD) Trading Up 0.4% – Here’s Why

Lightspeed Commerce Inc. (TSE:LSPD)’s stock price rose 0.4% during mid-day trading on Monday . The stock traded as high as C$12.53 and last traded at C$12.44. Approximately 281,395 shares were traded during trading, a decline of 65% from the average daily volume of 797,043 shares. The stock had previously closed at C$12.39.

Analysts Set New Price Targets

A number of equities research analysts have commented on LSPD shares. BTIG Research reduced their price target on Lightspeed Commerce from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Barclays cut their price objective on Lightspeed Commerce from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research note on Friday, February 6th. TD Securities reduced their target price on Lightspeed Commerce from C$15.00 to C$11.00 and set a “hold” rating on the stock in a report 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 report on Friday, February 6th. Finally, 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 report on Friday, February 6th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$16.45.

Lightspeed Commerce Price Performance

The firm has a market cap of C$1.66 billion, a price-to-earnings ratio of -2.64 and a beta of 1.51. The business’s 50-day simple moving average is C$12.68 and its two-hundred day simple moving average is C$15.12. The company has a current ratio of 4.40, a quick ratio of 6.05 and a debt-to-equity ratio of 2.33.

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

About Lightspeed Commerce

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.