Lightspeed Commerce (TSE:LSPD) Stock Price Down 0.8%

Lightspeed Commerce Inc. (TSE:LSPD) was down 0.8% during mid-day trading on Thursday . The company traded as low as C$17.72 and last traded at C$17.90. Approximately 332,139 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 716,499 shares. The stock had previously closed at C$18.04.

Wall Street Analysts Forecast Growth

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

Lightspeed Commerce Stock Down 0.8 %

The company has a current ratio of 6.22, a quick ratio of 6.05 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of C$2.74 billion, a P/E ratio of -9.89 and a beta of 2.72. The stock’s 50-day simple moving average is C$18.57 and its 200-day simple moving average is C$21.27.

Lightspeed Commerce Company Profile

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.