Stifel Nicolaus Issues Pessimistic Forecast for Lightspeed Commerce (TSE:LSPD) Stock Price

Lightspeed Commerce (TSE:LSPD) had its target price reduced by investment analysts at Stifel Nicolaus from C$15.00 to C$12.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price indicates a potential downside of 6.18% from the company’s previous close.

LSPD has been the subject of several other reports. BTIG Research reduced their target price on Lightspeed Commerce from C$16.00 to C$15.00 and set a “buy” rating for the company in a research note on Friday. 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. JPMorgan Chase & Co. boosted their price target on shares of Lightspeed Commerce from C$19.00 to C$20.00 in a research note on Friday, November 7th. TD Securities dropped their price objective on shares of Lightspeed Commerce from C$15.00 to C$11.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Barclays reduced their price objective on shares of Lightspeed Commerce from C$14.00 to C$12.00 and set a “hold” rating for the company in a report on Friday. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$17.39.

Lightspeed Commerce Trading Up 0.2%

Shares of Lightspeed Commerce stock traded up C$0.03 on Friday, reaching C$12.79. 926,271 shares of the company’s stock were exchanged, compared to its average volume of 847,527. The company has a market capitalization of C$1.74 billion, a P/E ratio of -2.84 and a beta of 2.24. Lightspeed Commerce has a 52 week low of C$10.50 and a 52 week high of C$19.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10. The firm’s 50-day moving average is C$16.04 and its two-hundred day moving average is C$16.54.

Lightspeed Commerce (TSE:LSPD) last released its earnings results on Thursday, February 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$428.71 million for the quarter. Lightspeed Commerce had a negative net margin of 11.75% and a negative return on equity of 5.25%. Sell-side analysts predict 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. It derives a majority of its revenue from the United States.