BMO Capital Markets Has Lowered Expectations for Lightspeed Commerce (TSE:LSPD) Stock Price

Lightspeed Commerce (TSE:LSPD - Free Report) had its target price lowered by BMO Capital Markets from C$20.00 to C$15.00 in a research note released on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank dropped their target price on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an "outperform" rating on the stock in a report on Friday. Stifel Nicolaus dropped their target price on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a "hold" rating on the stock in a report on Friday. CIBC dropped their target price on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an "outperform" rating on the stock in a report on Friday. TD Securities dropped their price target on shares of Lightspeed Commerce from C$19.00 to C$13.00 and set a "hold" rating on the stock in a research note on Friday. Finally, Raymond James dropped their price target on shares of Lightspeed Commerce from C$36.00 to C$29.00 and set an "outperform" rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Lightspeed Commerce has a consensus rating of "Moderate Buy" and an average target price of C$20.31.

Lightspeed Commerce Stock Performance

LSPD stock traded up C$0.01 on Friday, hitting C$19.05. The company had a trading volume of 615,380 shares, compared to its average volume of 623,466. Lightspeed Commerce has a 12-month low of C$16.04 and a 12-month high of C$26.60. The company has a current ratio of 6.19, a quick ratio of 6.05 and a debt-to-equity ratio of 0.99. The stock's 50-day simple moving average is C$21.98 and its 200 day simple moving average is C$20.95. The stock has a market cap of C$2.89 billion, a price-to-earnings ratio of -14.22 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.