Lightspeed Commerce (TSE:LSPD – Get Free Report) issued its quarterly earnings data on Thursday. The company reported C($0.31) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$420.90 million during the quarter. Lightspeed Commerce had a negative return on equity of 44.56% and a negative net margin of 57.96%.
Lightspeed Commerce Stock Down 6.6%
LSPD stock opened at C$11.53 on Friday. The company has a market cap of C$1.58 billion, a price-to-earnings ratio of -2.52 and a beta of 1.70. The company has a current ratio of 4.40, a quick ratio of 6.05 and a debt-to-equity ratio of 2.33. Lightspeed Commerce has a 12 month low of C$10.80 and a 12 month high of C$19.89. The firm has a 50-day moving average of C$12.47 and a two-hundred day moving average of C$14.30.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on LSPD shares. TD Securities reduced their price target 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. BTIG Research reduced 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 research report on Friday, February 6th. Stifel Nicolaus reduced their price target on shares of Lightspeed Commerce from C$15.00 to C$12.00 and set a “hold” rating for the company in a research 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 for the company in a research report on Friday, February 6th. Finally, Barclays reduced their price target on shares of Lightspeed Commerce from C$14.00 to C$12.00 and set a “hold” rating for the company in a research report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$16.45.
About Lightspeed Commerce
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.
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