Brokerages Set Lightspeed Commerce Inc. (TSE:LSPD) Price Target at C$18.89

Lightspeed Commerce Inc. (TSE:LSPD) has earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$18.89.

A number of analysts have commented on the company. 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. CIBC decreased their price target on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Cormark dropped their price objective on Lightspeed Commerce from C$24.00 to C$21.00 and set a “buy” rating on the stock in a research note on Thursday, March 27th. National Bankshares cut their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Finally, ATB Capital lowered shares of Lightspeed Commerce from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$26.00 to C$17.00 in a research report on Thursday, March 27th.

Insider Buying and Selling at Lightspeed Commerce

In related news, Senior Officer Daniel Robert Micak sold 3,995 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was 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 firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$15.72, for a total value of C$353,527.08. Insiders own 9.93% of the company’s stock.

Lightspeed Commerce Price Performance

Shares of LSPD opened at C$12.59 on Friday. The business’s fifty day moving average is C$17.78 and its 200 day moving average is C$20.73. Lightspeed Commerce has a 12-month low of C$12.54 and a 12-month high of C$26.60. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. The stock has a market cap of C$1.37 billion, a P/E ratio of -11.19 and a beta of 2.69.

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.