Lightspeed Commerce (TSE:LSPD) Trading Down 4.9% – What’s Next?

Lightspeed Commerce Inc. (TSE:LSPD)’s share price was down 4.9% during mid-day trading on Tuesday . The company traded as low as C$15.22 and last traded at C$15.23. Approximately 1,083,553 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 763,069 shares. The stock had previously closed at C$16.02.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. TD Securities upped their price objective on shares of Lightspeed Commerce from C$13.00 to C$15.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Jefferies Financial Group cut their target price on shares of Lightspeed Commerce from C$20.00 to C$15.50 in a research note on Monday, November 24th. Finally, JPMorgan Chase & Co. raised their price target 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 given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$19.14.

Lightspeed Commerce Price Performance

The firm has a market cap of C$2.07 billion, a PE ratio of -3.38 and a beta of 2.56. The stock’s fifty day moving average price is C$16.34 and its 200-day moving average price is C$16.67. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05.

Lightspeed Commerce (TSE:LSPD) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.16 earnings per share for the quarter. The firm had revenue of C$444.13 million for 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 analysts expect 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.