Lightspeed Commerce (TSE:LSPD) Given New C$21.00 Price Target at Cormark

Lightspeed Commerce (TSE:LSPD) had its target price lowered by Cormark from C$24.00 to C$21.00 in a report issued on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on LSPD. Scotiabank dropped their price target on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. BMO Capital Markets lowered their price target on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Stifel Nicolaus reduced 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. National Bankshares lowered their price objective 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. Finally, Raymond James reduced their target price on shares of Lightspeed Commerce from C$29.00 to C$25.00 and set an “outperform” rating for the company in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Lightspeed Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.89.

Lightspeed Commerce Price Performance

TSE:LSPD opened at C$13.40 on Thursday. The stock has a market capitalization of C$1.46 billion, a PE ratio of -11.91 and a beta of 2.69. Lightspeed Commerce has a 1-year low of C$13.23 and a 1-year high of C$26.60. The firm has a fifty day simple moving average of C$18.11 and a 200 day simple moving average of C$20.74. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83.

Insiders Place Their Bets

In other Lightspeed Commerce 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 transaction of C$78,022.35. Also, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$15.72, for a total transaction of C$353,527.08. Insiders own 9.93% of the company’s stock.

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.