Lightspeed Commerce Inc. (TSE:LSPD) Receives C$19.14 Consensus PT from Brokerages

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

LSPD has been the subject of several analyst reports. TD Securities boosted their price target on shares of Lightspeed Commerce from C$13.00 to C$15.00 and gave the company a “hold” rating in a report on Friday, November 7th. Jefferies Financial Group cut their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.50 in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Lightspeed Commerce from C$19.00 to C$20.00 in a research report on Friday, November 7th.

Lightspeed Commerce Stock Up 0.6%

Shares of Lightspeed Commerce stock opened at C$15.76 on Friday. The stock has a market capitalization of C$2.14 billion, a price-to-earnings ratio of -3.49 and a beta of 2.56. Lightspeed Commerce has a twelve month low of C$10.50 and a twelve month high of C$21.72. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83. The business’s 50 day simple moving average is C$16.23 and its 200-day simple moving average is C$16.66.

Lightspeed Commerce (TSE:LSPD) last released 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%. 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.