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

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on LSPD shares. BTIG Research cut their price objective 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. TD Securities lowered their target price on Lightspeed Commerce from C$15.00 to C$11.00 and set a “hold” rating for the company in a research note on Friday, February 6th. Royal Bank Of Canada lowered their target price on Lightspeed Commerce from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Stifel Nicolaus lowered their target price on Lightspeed Commerce from C$15.00 to C$12.00 and set a “hold” rating for the company in a research note on Friday, February 6th. Finally, Barclays lowered their target price on Lightspeed Commerce from C$14.00 to C$12.00 and set a “hold” rating for the company in a research note on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$16.45.

Lightspeed Commerce Price Performance

The company has a 50 day moving average price of C$12.49 and a 200-day moving average price of C$14.34. The company has a quick ratio of 6.05, a current ratio of 4.40 and a debt-to-equity ratio of 2.33. The company has a market cap of C$1.54 billion, a price-to-earnings ratio of -2.45 and a beta of 1.70.

Lightspeed Commerce (TSE:LSPD) last released its quarterly earnings data on Thursday, May 21st. The company reported C($0.31) earnings per share (EPS) for the quarter. Lightspeed Commerce had a negative net margin of 57.96% and a negative return on equity of 44.56%. The firm had revenue of C$420.90 million during the quarter. As a group, equities research analysts predict 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.