Lightspeed Commerce (TSE:LSPD) Stock Price Down 6% - What's Next?

Key Points

• Lightspeed Commerce's stock fell 6% during trading, closing at C$15.46 after reaching a low of C$15.42.
• Analysts have raised their price targets for Lightspeed Commerce, with estimates ranging from C$18.00 to C$25.00, highlighting a mixed overall rating with five "Buy" and four "Hold" recommendations.
• The company reported a market cap of C$2.09 billion and a significant debt-to-equity ratio of 0.83, indicating a relatively stable financial position in the industry.

Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) shares traded down 6% during mid-day trading on Monday . The stock traded as low as C$15.42 and last traded at C$15.46. 1,209,862 shares traded hands during trading, an increase of 101% from the average session volume of 600,871 shares. The stock had previously closed at C$16.44.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. ATB Capital boosted their price target on Lightspeed Commerce from C$17.00 to C$18.00 and gave the company a "sector perform" rating in a research note on Friday, August 1st. Cormark upped their price objective on Lightspeed Commerce from C$20.00 to C$25.00 in a research note on Friday, August 1st. Finally, Raymond James Financial increased their price target 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. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$18.60.

Lightspeed Commerce Stock Performance

The stock has a 50 day moving average price of C$16.68 and a two-hundred day moving average price of C$15.53. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83. The company has a market cap of C$2.09 billion, a price-to-earnings ratio of -3.47 and a beta of 2.32.

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.

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