Lightspeed Commerce (LSPD) to Release Quarterly Earnings on Thursday

Lightspeed Commerce (NYSE:LSPD) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.10 per share for the quarter.

Lightspeed Commerce Price Performance

Shares of LSPD stock opened at $15.54 on Wednesday. The stock has a 50 day moving average price of $14.54 and a 200 day moving average price of $14.01. Lightspeed Commerce has a 52-week low of $11.01 and a 52-week high of $21.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.06 and a current ratio of 6.19. The firm has a market capitalization of $2.35 billion, a P/E ratio of -15.85, a P/E/G ratio of 9.38 and a beta of 2.35.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LSPD. Wells Fargo & Company lowered their target price on shares of Lightspeed Commerce from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 31st. Benchmark restated a “buy” rating and issued a $20.00 target price on shares of Lightspeed Commerce in a research note on Thursday, September 26th. BMO Capital Markets lifted their price target on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. BTIG Research reissued a “buy” rating and issued a $21.00 price objective on shares of Lightspeed Commerce in a research note on Thursday, September 26th. Finally, Jefferies Financial Group decreased their target price on Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lightspeed Commerce currently has an average rating of “Hold” and a consensus target price of $18.69.

Lightspeed Commerce Company Profile

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.