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

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have been given an average recommendation of “Hold” by the ten analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$19.14.

A number of analysts have weighed in on the company. TD Securities raised their price target 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. JPMorgan Chase & Co. raised their target price on Lightspeed Commerce from C$19.00 to C$20.00 in a research report on Friday, November 7th. Finally, Jefferies Financial Group lowered their price target on Lightspeed Commerce from C$20.00 to C$15.50 in a report on Monday, November 24th.

Lightspeed Commerce Stock Up 0.5%

Shares of Lightspeed Commerce stock opened at C$15.82 on Friday. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. Lightspeed Commerce has a 52-week low of C$10.50 and a 52-week high of C$21.72. The company has a market capitalization of C$2.15 billion, a P/E ratio of -3.51 and a beta of 2.56. The company has a 50 day moving average of C$16.22 and a 200 day moving average of C$16.66.

Lightspeed Commerce (TSE:LSPD) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.16 EPS for the quarter. Lightspeed Commerce had a negative net margin of 11.75% and a negative return on equity of 5.25%. The company had revenue of C$444.13 million for the quarter. As a group, research analysts forecast 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.