Lightspeed Commerce Inc. (TSE:LSPD) Receives C$20.31 Consensus PT from Brokerages

Lightspeed Commerce Inc. (TSE:LSPD) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$20.31.

Several equities analysts have issued reports on the company. CIBC cut their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. BMO Capital Markets reduced their price objective on shares of 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. National Bankshares reduced their target price on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Raymond James decreased their target price on Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Finally, Scotiabank cut their price target 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, February 7th.

Lightspeed Commerce Stock Down 3.6 %

Shares of TSE LSPD opened at C$16.29 on Tuesday. The stock has a market capitalization of C$1.77 billion, a PE ratio of -14.47 and a beta of 2.69. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83. Lightspeed Commerce has a 12-month low of C$16.04 and a 12-month high of C$26.60. The stock’s fifty day simple moving average is C$20.32 and its two-hundred day simple moving average is C$21.03.

Insider Buying and Selling

In related news, Senior Officer Daniel Robert Micak sold 3,995 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total transaction of C$78,022.35. 9.93% of the stock is owned by corporate 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.