Lightspeed Commerce (TSE:LSPD) Releases Earnings Results

Lightspeed Commerce (TSE:LSPD) announced its quarterly earnings results on Thursday. The company reported C($0.31) EPS for the quarter, FiscalAI reports. The company had revenue of C$420.90 million during the quarter. Lightspeed Commerce had a negative net margin of 57.96% and a negative return on equity of 44.56%.

Lightspeed Commerce Trading Up 3.8%

TSE:LSPD opened at C$12.35 on Thursday. Lightspeed Commerce has a twelve month low of C$11.45 and a twelve month high of C$19.89. 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 business has a 50 day moving average price of C$12.49 and a two-hundred day moving average price of C$14.34. The company has a market cap of C$1.70 billion, a P/E ratio of -2.70 and a beta of 1.70.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LSPD. Stifel Nicolaus decreased their price objective on 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 decreased their price objective on 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. Royal Bank Of Canada decreased their price objective on 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 decreased their price objective on 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. Finally, TD Securities decreased their price objective on 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 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, Lightspeed Commerce presently has an average rating of “Hold” and a consensus price target of C$16.45.

Lightspeed Commerce Company Profile

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.