Lightspeed Commerce (TSE:LSPD) Price Target Cut to C$15.00 by Analysts at BTIG Research

Lightspeed Commerce (TSE:LSPD) had its price objective reduced by research analysts at BTIG Research from C$16.00 to C$15.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price objective points to a potential upside of 17.28% from the company’s previous close.

LSPD has been the subject of several other reports. JPMorgan Chase & Co. lifted their target price on shares of Lightspeed Commerce from C$19.00 to C$20.00 in a report on Friday, November 7th. Jefferies Financial Group reduced their price target on Lightspeed Commerce from C$20.00 to C$15.50 in a report on Monday, November 24th. Finally, TD Securities dropped their price objective on Lightspeed Commerce from C$15.00 to C$11.00 and set a “hold” rating on the stock in a report on Friday. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$17.39.

Lightspeed Commerce Stock Performance

Shares of LSPD traded up C$0.03 during trading hours on Friday, reaching C$12.79. 926,271 shares of the company traded hands, compared to its average volume of 847,527. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. The business has a fifty day moving average price of C$16.04 and a 200-day moving average price of C$16.54. Lightspeed Commerce has a 12-month low of C$10.50 and a 12-month high of C$19.89. The stock has a market capitalization of C$1.74 billion, a P/E ratio of -2.84 and a beta of 2.24.

Lightspeed Commerce (TSE:LSPD) last issued its quarterly earnings results on Thursday, February 5th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$428.71 million for the quarter. Lightspeed Commerce had a negative net margin of 11.75% and a negative return on equity of 5.25%. Equities analysts anticipate that Lightspeed Commerce will post 0.5970516 EPS for the current fiscal 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.