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

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have received a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$16.45.

Several brokerages have weighed in on LSPD. TD Securities lowered their price objective on Lightspeed Commerce from C$15.00 to C$11.00 and set a “hold” rating for the company in a research report on Friday, February 6th. Jefferies Financial Group lowered their price target on shares of Lightspeed Commerce from C$20.00 to C$15.50 in a report on Monday, November 24th. Stifel Nicolaus cut their price target on shares of Lightspeed Commerce from C$15.00 to C$12.00 and set a “hold” rating on the stock in a report on Friday, February 6th. JPMorgan Chase & Co. boosted their price objective on shares of Lightspeed Commerce from C$19.00 to C$20.00 in a research report on Friday, November 7th. Finally, Royal Bank Of Canada lowered their price objective on shares of Lightspeed Commerce from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research note on Friday, February 6th.

Lightspeed Commerce Stock Performance

Shares of LSPD opened at C$12.81 on Tuesday. Lightspeed Commerce has a fifty-two week low of C$10.50 and a fifty-two week high of C$19.89. The firm has a market cap of C$1.76 billion, a price-to-earnings ratio of -2.80 and a beta of 2.24. The firm has a 50 day moving average price of C$15.22 and a 200-day moving average price of C$16.11. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10.

Lightspeed Commerce (TSE:LSPD) last posted its quarterly 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 11.75% and a negative return on equity of 5.25%. As a group, 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.