Analysts Set Lightspeed Commerce Inc. (TSE:LSPD) Price Target at C$18.30

Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) has been assigned a consensus recommendation of "Hold" from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$18.30.

LSPD has been the topic of a number of recent research reports. National Bankshares reduced 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 note on Friday, February 7th. Stifel Nicolaus dropped their target price 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. BMO Capital Markets reduced their price target on Lightspeed Commerce from C$20.00 to C$15.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Scotiabank lowered their price objective on Lightspeed Commerce from C$21.00 to C$19.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Finally, Raymond James dropped their price objective on Lightspeed Commerce from C$29.00 to C$25.00 and set an "outperform" rating for the company in a research note on Tuesday, March 25th.

Insider Activity

In other Lightspeed Commerce news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the business's stock in a transaction dated Monday, March 10th. The stock was 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 Price Performance

LSPD stock traded up C$0.51 during mid-day trading on Friday, hitting C$14.25. 342,633 shares of the stock were exchanged, compared to its average volume of 691,304. 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 business has a fifty day moving average price of C$13.56 and a 200 day moving average price of C$18.69. Lightspeed Commerce has a 12 month low of C$10.50 and a 12 month high of C$26.60. The stock has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -12.66 and a beta of 2.69.

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.