Lightspeed Commerce Inc. (TSE:LSPD) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$19.14.

A number of research firms recently weighed in on LSPD. JPMorgan Chase & Co. upped their target price on shares of Lightspeed Commerce from C$19.00 to C$20.00 in a research note on Friday, November 7th. TD Securities increased their price objective on shares of Lightspeed Commerce from C$13.00 to C$15.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Finally, Jefferies Financial Group reduced their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.50 in a report on Monday, November 24th.

Lightspeed Commerce Stock Down 0.5%

Lightspeed Commerce stock opened at C$16.71 on Monday. The firm has a market capitalization of C$2.27 billion, a P/E ratio of -3.71 and a beta of 2.52. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83. Lightspeed Commerce has a twelve month low of C$10.50 and a twelve month high of C$23.36. The stock’s fifty day simple moving average is C$16.57 and its 200-day simple moving average is C$16.56.

Lightspeed Commerce (TSE:LSPD) last released its earnings results on Thursday, November 6th. The company reported C$0.16 EPS for the quarter. The firm 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, equities analysts expect that Lightspeed Commerce will post 0.5970516 earnings per share 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.