Lightspeed Commerce Inc. (TSE:LSPD) Receives Consensus Rating of "Hold" from Analysts

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.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$18.30.

Several research analysts have issued reports on LSPD shares. ATB Capital lowered Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from C$26.00 to C$17.00 in a research report on Thursday, March 27th. Cormark dropped their price objective on Lightspeed Commerce from C$24.00 to C$21.00 and set a "buy" rating for the company in a report on Thursday, March 27th. JPMorgan Chase & Co. downgraded Lightspeed Commerce from a "neutral" rating to an "underperform" rating and cut their price objective for the company from C$14.00 to C$13.00 in a research report on Monday, April 14th. 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 on the stock in a research report on Tuesday, March 25th.

Insider Buying and Selling at Lightspeed Commerce

In other Lightspeed Commerce news, Director Dale Murray purchased 1,886 shares of the company's stock in a transaction on Friday, May 30th. The stock was acquired at an average price of C$14.65 per share, for a total transaction of C$27,624.81. Company insiders own 9.93% of the company's stock.

Lightspeed Commerce Trading Down 4.9%

Shares of TSE:LSPD traded down C$0.76 during trading on Thursday, hitting C$14.91. The company had a trading volume of 305,737 shares, compared to its average volume of 684,017. The stock has a market cap of C$1.62 billion, a price-to-earnings ratio of -13.25 and a beta of 2.69. 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 company has a fifty day simple moving average of C$14.09 and a two-hundred day simple moving average of C$17.75. Lightspeed Commerce has a one year low of C$10.50 and a one year high of C$26.60.

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.