Lightspeed Commerce Inc. (TSE:LSPD) Receives C$18.30 Average Price Target from Analysts

Shares of Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) have earned a consensus rating of "Hold" from the ten research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$18.30.

A number of analysts have weighed in on the company. CIBC decreased their price objective on Lightspeed Commerce from C$35.00 to C$30.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. ATB Capital downgraded Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from C$26.00 to C$17.00 in a report on Thursday, March 27th. Raymond James dropped their price objective on shares of Lightspeed Commerce from C$29.00 to C$25.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Cormark reduced their target price on shares of Lightspeed Commerce from C$24.00 to C$21.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Finally, TD Securities lowered their target price on shares of Lightspeed Commerce from C$19.00 to C$13.00 and set a "hold" rating on the stock in a report on Friday, February 7th.

Insider Transactions at Lightspeed Commerce

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$15.72, for a total transaction of C$353,527.08. Corporate insiders own 9.93% of the company's stock.

Lightspeed Commerce Stock Performance

Shares of LSPD traded down C$0.31 during mid-day trading on Friday, hitting C$14.93. 748,436 shares of the company's stock were exchanged, compared to its average volume of 686,283. 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 fifty-two week low of C$10.50 and a fifty-two week high of C$26.60. The business's 50 day moving average is C$13.60 and its two-hundred day moving average is C$18.76. The firm has a market capitalization of C$1.62 billion, a P/E ratio of -13.27 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.