Lightspeed Commerce (TSE:LSPD) Trading Down 12.4% – Here’s Why

Lightspeed Commerce Inc. (TSE:LSPD)’s share price was down 12.4% during mid-day trading on Thursday . The company traded as low as C$10.80 and last traded at C$10.82. Approximately 514,083 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 729,406 shares. The stock had previously closed at C$12.35.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LSPD shares. Royal Bank Of Canada reduced their target price 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. Barclays reduced their target price 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. Stifel Nicolaus reduced their target price 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. BTIG Research reduced their target price 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. Finally, TD Securities reduced their target price 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. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$16.45.

Lightspeed Commerce Price Performance

The company’s 50-day moving average is C$12.49 and its two-hundred day moving average is C$14.34. The company has a debt-to-equity ratio of 2.33, a current ratio of 4.40 and a quick ratio of 6.05. The firm has a market cap of C$1.54 billion, a P/E ratio of -2.45 and a beta of 1.70.

Lightspeed Commerce (TSE:LSPD) last posted its quarterly earnings data on Thursday, May 21st. The company reported C($0.31) earnings per share for the quarter. Lightspeed Commerce had a negative return on equity of 44.56% and a negative net margin of 57.96%.The firm had revenue of C$420.90 million for the quarter. Sell-side analysts anticipate that Lightspeed Commerce Inc. will post 0.5970516 EPS for the current fiscal year.

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.