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    LSPD   CA53229C1077

LIGHTSPEED COMMERCE INC.

(LSPD)
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Delayed Toronto Stock Exchange  -  05/27 04:00:00 pm EDT
32.96 CAD   +3.49%
05/20LIGHTSPEED COMMERCE : to Participate in Upcoming Investor Conferences - Form 6-K
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05/20BMO Maintains Outperform Rating on LSPD Commerce, Cuts TP to $40 to Reflect Compression Across Group
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05/20Raymond James Adjusts Lightspeed Commerce Price Target to CA$43 From CA$40, Maintains Outperform Rating
MT
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Toronto market slides as rising bond yields scare investors

01/18/2022 | 04:54pm EDT

(Updates prices)

* TSX ends down 262.88 points, or 1.2%, at 21,274.57

* Technology shares fall 3.3%

TORONTO, Jan 18 (Reuters) - Canada's main stock index fell on Tuesday, pulling back from its highest level in nearly eight weeks the day before, as a jump in U.S. Treasury debt yields reduced the attractiveness of stocks, particularly those in the high-growth technology sector.

The Toronto Stock Exchange's S&P/TSX composite index ended down 262.88 points, or 1.2%, at 21,274.57, after posting on Monday its highest closing level since Nov. 25.

"We saw yields increase in the U.S. and the market is reacting to that," said Michael Sprung, president at Sprung Investment Management.

Benchmark U.S. Treasury yields jumped to two-year highs as traders prepared for the Federal Reserve to be more aggressive in tackling inflation.

"Inflationary concerns are becoming more and more of a drag on the market right now," Sprung said. "It is likely to affect the market I think for some time."

Wall Street's main indexes also declined as financial stocks were pressured by weak results and technology shares continued their sell-off to start the year.

Higher interest rates reduce the value to investors of the future cash flows that tech stocks tend to rely on to support lofty valuations.

Among stocks with the biggest declines on the TSX was software company Lightspeed Commerce Inc, which ended 8.1% lower.

The Toronto market's technology sector fell 3.3%, while heavily-weighted financial shares were down nearly 1% and industrials lost 2.2%.

Oil settled 1.9% higher at $85.43 a barrel as possible supply disruptions after attacks in the Middle East added to an already tight supply outlook.

Still, energy shares gave back some recent gains, falling 0.7%, and the materials group, which includes precious and base metals miners and fertilizer companies, lost 0.8%. (Reporting by Fergal Smith; additional reporting by Amal S in Bengaluru; Editing by Chris Reese)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
LIGHTSPEED COMMERCE INC. 3.49% 32.96 Delayed Quote.-35.47%
LONDON BRENT OIL 1.52% 119.2 Delayed Quote.50.58%
WTI 0.94% 115.083 Delayed Quote.51.34%
All news about LIGHTSPEED COMMERCE INC.
05/20LIGHTSPEED COMMERCE : to Participate in Upcoming Investor Conferences - Form 6-K
PU
05/20BMO Maintains Outperform Rating on LSPD Commerce, Cuts TP to $40 to Reflect Compression..
MT
05/20Raymond James Adjusts Lightspeed Commerce Price Target to CA$43 From CA$40, Maintains O..
MT
05/20Truist Secrutieis Lowers Lightspeed Commerce's Price Target to $45 From $60, Buy Rating..
MT
05/20Barclays Lowers Lightspeed Commerce's Price Target to $31 From $42, Maintains Overweigh..
MT
05/20BMO Capital Adjusts Price Target for Lightspeed Commerce to $40 From $60, Maintains Ou..
MT
05/20JPMorgan Adjusts Price Target for Lightspeed Commerce to CA$31 From CA$41, Maintains U..
MT
05/20KeyBanc Adjusts Price Target on Lightspeed Commerce to $35 From $40, Reiterates Overwei..
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05/20Lightspeed to Participate in Upcoming Investor Conferences
AQ
05/20Piper Sandler Adjusts Price Target on Lightspeed Commerce to $39 From $54, Reiterates O..
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Analyst Recommendations on LIGHTSPEED COMMERCE INC.
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Financials (USD)
Sales 2022 543 M - -
Net income 2022 -241 M - -
Net cash 2022 955 M - -
P/E ratio 2022 -15,4x
Yield 2022 -
Capitalization 3 851 M 3 851 M -
EV / Sales 2022 5,33x
EV / Sales 2023 3,95x
Nbr of Employees 1 800
Free-Float 90,2%
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Technical analysis trends LIGHTSPEED COMMERCE INC.
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 25,86 $
Average target price 44,99 $
Spread / Average Target 74,0%
EPS Revisions
Managers and Directors
Jean-Paul Chauvet Chief Executive Officer & Director
Brandon Blair Nussey Chief Operations & Financial Officer
Dax Dasilva Executive Chairman
Patrick Pichette Lead Independent Director
Marie-Josée Lamothe Independent Director
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