Lightspeed Commerce Inc. (TSE:LSPD) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have given Lightspeed Commerce Inc. an average rating of "Hold", with one sell, four hold, and five buy recommendations from a total of ten ratings firms.
• The average 12-month target price for Lightspeed Commerce shares is projected to be C$18.60, according to recent reports from brokers.
• On the day of reporting, Lightspeed Commerce stock opened at C$16.22, reflecting a 4.9% increase, and has ranged between C$10.50 and C$26.60 over the last year.

Shares of Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) have earned an average recommendation of "Hold" from the ten ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$18.60.

A number of research firms have weighed in on LSPD. ATB Capital raised their price objective on shares of Lightspeed Commerce from C$17.00 to C$18.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. Cormark lifted their price target on shares of Lightspeed Commerce from C$20.00 to C$25.00 in a research note on Friday, August 1st. Finally, Raymond James Financial lifted their price target on shares of Lightspeed Commerce from C$20.00 to C$23.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st.

Lightspeed Commerce Stock Up 4.9%

Lightspeed Commerce stock opened at C$16.22 on Wednesday. Lightspeed Commerce has a 1-year low of C$10.50 and a 1-year high of C$26.60. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05. The stock has a market cap of C$2.19 billion, a PE ratio of -3.64 and a beta of 2.32. The stock's fifty day moving average is C$16.66 and its two-hundred day moving average is C$15.53.

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.

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