Lightspeed Commerce Inc. (TSE:LSPD) Receives Average Recommendation of “Moderate Buy” from Analysts

Lightspeed Commerce Inc. (TSE:LSPD) has received a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$20.31.

A number of research firms have issued reports on LSPD. National Bankshares reduced their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Stifel Nicolaus decreased their price objective on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Friday, February 7th. Raymond James lowered their target price on Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Scotiabank reduced their price target on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, BMO Capital Markets decreased their price target on Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating for the company in a research note on Friday, February 7th.

Lightspeed Commerce Stock Performance

LSPD stock opened at C$17.61 on Tuesday. The stock’s fifty day moving average is C$20.66 and its two-hundred day moving average is C$21.08. The stock has a market capitalization of C$1.91 billion, a price-to-earnings ratio of -15.65 and a beta of 2.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10. Lightspeed Commerce has a 1 year low of C$16.04 and a 1 year high of C$26.60.

Insider Activity

In related news, Senior Officer Daniel Robert Micak sold 3,995 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total value of C$78,022.35. Insiders own 9.93% of the company’s stock.

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.