Lightspeed Commerce (TSE:LSPD) Trading Down 0.8%

Shares of Lightspeed Commerce Inc. (TSE:LSPD) traded down 0.8% on Thursday . The stock traded as low as C$17.72 and last traded at C$17.90. 332,139 shares were traded during trading, a decline of 54% from the average session volume of 716,499 shares. The stock had previously closed at C$18.04.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LSPD. ATB Capital dropped their price objective on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. National Bankshares lifted their price objective on Lightspeed Commerce from C$20.00 to C$25.00 and gave the company an “outperform” rating in a report on Friday, January 26th. CIBC reduced their target price on Lightspeed Commerce from C$27.00 to C$25.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Raymond James cut their price objective on shares of Lightspeed Commerce from C$43.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. Finally, Cormark cut their price target on shares of Lightspeed Commerce from C$35.00 to C$26.00 in a report on Monday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$24.75.

Lightspeed Commerce Stock Down 0.7 %

The firm has a market capitalization of C$2.72 billion, a price-to-earnings ratio of -9.82 and a beta of 2.72. The company has a debt-to-equity ratio of 0.96, a current ratio of 6.22 and a quick ratio of 6.05. The stock has a fifty day moving average of C$18.54 and a two-hundred day moving average of C$21.26.

About Lightspeed Commerce

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.