Lightspeed Commerce Inc. (TSE:LSPD) Receives Average Recommendation of “Hold” from Analysts

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have received a consensus rating of “Hold” from the ten research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$18.60.

A number of brokerages have recently issued reports on LSPD. Cormark upped their price target on Lightspeed Commerce from C$20.00 to C$25.00 in a report on Friday, August 1st. ATB Capital upped their price target on Lightspeed Commerce from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Finally, Raymond James Financial increased their target price on Lightspeed Commerce from C$20.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st.

Lightspeed Commerce Price Performance

Shares of LSPD stock opened at C$16.77 on Friday. The stock has a market cap of C$2.27 billion, a price-to-earnings ratio of -3.76 and a beta of 2.32. The business’s fifty day moving average is C$17.07 and its 200 day moving average is C$15.38. Lightspeed Commerce has a twelve month low of C$10.50 and a twelve month high of C$26.60. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83.

Lightspeed Commerce Company Profile

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.