Lightspeed Commerce Inc. (TSE:LSPD) Receives C$18.89 Consensus Target Price from Analysts

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have been given an average recommendation of “Moderate Buy” by the nine research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$18.89.

Several brokerages have issued reports on LSPD. Stifel Nicolaus lowered 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 research note on Friday, February 7th. ATB Capital lowered shares of Lightspeed Commerce from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$26.00 to C$17.00 in a research report on Thursday, March 27th. Cormark cut their price objective on shares of Lightspeed Commerce from C$24.00 to C$21.00 and set a “buy” rating for the company in a report on Thursday, March 27th. BMO Capital Markets decreased their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, National Bankshares dropped their price target on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th.

Lightspeed Commerce Stock Performance

Shares of TSE:LSPD opened at C$11.18 on Friday. The business’s 50 day moving average price is C$17.05 and its 200-day moving average price is C$20.54. Lightspeed Commerce has a 1 year low of C$10.58 and a 1 year high of C$26.60. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05. The firm has a market capitalization of C$1.22 billion, a PE ratio of -9.93 and a beta of 2.69.

Insiders Place Their Bets

In related news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$15.72, for a total value of C$353,527.08. Also, Senior Officer Daniel Robert Micak sold 3,995 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total value of C$78,022.35. 9.93% of the stock is owned by insiders.

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.