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

Lightspeed Commerce (TSE:LSPD) had its price objective cut by Stifel Nicolaus from C$18.00 to C$15.00 in a research report released on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.

Separately, CIBC reduced their price objective on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$21.39.

Lightspeed Commerce Price Performance

LSPD opened at C$18.76 on Friday. The firm has a 50-day moving average price of C$22.23 and a 200-day moving average price of C$20.91. Lightspeed Commerce has a twelve month low of C$16.04 and a twelve month high of C$26.60. The company has a quick ratio of 6.05, a current ratio of 6.19 and a debt-to-equity ratio of 0.99. The company has a market capitalization of C$2.84 billion, a price-to-earnings ratio of -14.00 and a beta of 2.69.

About Lightspeed Commerce

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.