Jefferies Financial Group Cuts Lightspeed Commerce (TSE:LSPD) Price Target to C$15.50

Lightspeed Commerce (TSE:LSPD) had its price target cut by Jefferies Financial Group from C$20.00 to C$15.50 in a report published on Monday morning,BayStreet.CA reports.

A number of other analysts have also issued reports on LSPD. JPMorgan Chase & Co. raised their target price on shares of Lightspeed Commerce from C$19.00 to C$20.00 in a research report on Friday, November 7th. Raymond James Financial raised their price objective on Lightspeed Commerce from C$20.00 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Cormark upped their target price on Lightspeed Commerce from C$20.00 to C$25.00 in a research note on Friday, August 1st. ATB Capital increased their target price 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, TD Securities raised their price target on Lightspeed Commerce from C$13.00 to C$15.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lightspeed Commerce presently has an average rating of “Hold” and an average target price of C$19.14.

Lightspeed Commerce Stock Down 0.3%

LSPD opened at C$15.62 on Monday. The firm has a market cap of C$2.12 billion, a P/E ratio of -3.46 and a beta of 2.32. The business’s fifty day simple moving average is C$16.61 and its 200 day simple moving average is C$16.36. Lightspeed Commerce has a 52 week low of C$10.50 and a 52 week 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 (TSE:LSPD) last released its earnings results on Thursday, November 6th. The company reported C($0.24) earnings per share (EPS) for the quarter. Lightspeed Commerce had a negative net margin of 11.75% and a negative return on equity of 5.25%. The firm had revenue of C$444.13 million during the quarter. As a group, equities research analysts anticipate that Lightspeed Commerce will post 0.5970516 EPS for the current fiscal year.

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.