Lightspeed Commerce (TSE:LSPD) Price Target Raised to C$25.00 at Cormark

Key Points

• Cormark has raised the price target for Lightspeed Commerce (TSE:LSPD) from C$20.00 to C$25.00, indicating a potential upside of 46.46% from the current trading price.
• In contrast, JPMorgan Chase & Co. downgraded Lightspeed's rating from "neutral" to "underperform" with a revised target price of C$13.00.
• Despite the mixed analyst ratings, the stock is currently trading at C$17.07, which is below the consensus average price target of C$18.60.

Lightspeed Commerce (TSE:LSPD - Free Report) had its price objective upped by Cormark from C$20.00 to C$25.00 in a report released on Friday,BayStreet.CA reports.

Separately, JPMorgan Chase & Co. downgraded Lightspeed Commerce from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from C$14.00 to C$13.00 in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$18.60.

Lightspeed Commerce Stock Performance

Lightspeed Commerce stock traded down C$0.30 during trading on Friday, hitting C$16.97. The stock had a trading volume of 802,289 shares, compared to its average volume of 638,618. Lightspeed Commerce has a 1 year low of C$10.50 and a 1 year 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's 50 day moving average is C$16.14 and its two-hundred day moving average is C$16.00. The stock has a market cap of C$1.85 billion, a price-to-earnings ratio of -15.08 and a beta of 2.69.

Insider Buying and Selling at Lightspeed Commerce

In other news, Director Dale Murray purchased 1,886 shares of Lightspeed Commerce stock in a transaction that occurred on Friday, May 30th. The stock was bought at an average price of C$14.65 per share, with a total value of C$27,624.81. 9.93% of the stock is owned by company insiders.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accepts payments, and grow their business. The company sells its platform through a direct sales force in the United States, Canada, Netherlands, Australia, and other countries.