Lightspeed Commerce (TSE:LSPD) Shares Down 0.5% – Should You Sell?

Lightspeed Commerce Inc. (TSE:LSPD)’s share price traded down 0.5% during trading on Friday . The company traded as low as C$16.51 and last traded at C$16.71. 229,266 shares changed hands during trading, a decline of 61% from the average session volume of 586,455 shares. The stock had previously closed at C$16.80.

Wall Street Analysts Forecast Growth

LSPD has been the topic of several analyst reports. 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 research note on Friday, November 7th. Jefferies Financial Group lowered their price target on Lightspeed Commerce from C$20.00 to C$15.50 in a research note on Monday, November 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Lightspeed Commerce from C$19.00 to C$20.00 in a research note on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lightspeed Commerce has an average rating of “Hold” and a consensus target price of C$19.14.

Lightspeed Commerce Stock Performance

The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05. The company has a market cap of C$2.27 billion, a price-to-earnings ratio of -3.71 and a beta of 2.52. The stock has a 50-day moving average price of C$16.57 and a 200 day moving average price of C$16.56.

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

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.