Lightspeed Commerce Inc. (TSE:LSPD) Receives C$16.45 Average Price Target from Brokerages

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have received an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$16.45.

A number of equities analysts have commented on LSPD shares. Jefferies Financial Group decreased their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.50 in a report on Monday, November 24th. Stifel Nicolaus dropped their target price 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. Royal Bank Of Canada reduced their price target on shares of Lightspeed Commerce from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. BTIG Research decreased their price target on shares of Lightspeed Commerce from C$16.00 to C$15.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, TD Securities lowered their price objective on shares of 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.

Lightspeed Commerce Trading Up 0.3%

Shares of TSE LSPD opened at C$12.18 on Friday. The stock’s 50 day moving average price is C$13.95 and its two-hundred day moving average price is C$15.64. Lightspeed Commerce has a 52-week low of C$10.50 and a 52-week high of C$19.89. The stock has a market capitalization of C$1.67 billion, a P/E ratio of -2.66 and a beta of 1.78. The company has a quick ratio of 6.05, a current ratio of 4.40 and a debt-to-equity ratio of 2.33.

Lightspeed Commerce (TSE:LSPD) last issued its earnings results on Thursday, February 5th. The company reported C$0.21 EPS for the quarter. Lightspeed Commerce had a negative return on equity of 44.56% and a negative net margin of 57.96%.The company had revenue of C$428.71 million during the quarter. On average, analysts anticipate that Lightspeed Commerce will post 0.5970516 earnings per share for the current fiscal year.

Lightspeed Commerce Company Profile

Lightspeed is the POS and payments platform powering businesses at the heart of communities in over 100 countries. As the partner of choice for ambitious retail, golf and hospitality entrepreneurs, Lightspeed helps businesses accelerate growth, deliver exceptional customer experiences, and run smarter across all channels and locations. With fast, flexible omnichannel technology, Lightspeed brings together point of sale, ecommerce, embedded payments, inventory, reporting, staff and supplier management, financial services, and an exclusive wholesale retail network.