Lightspeed Commerce Inc. (TSE:LSPD) Receives C$18.30 Consensus PT from Brokerages

Shares of Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) have been assigned an average recommendation of "Hold" from the ten analysts that are currently covering the stock, 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 target price among brokerages that have issued ratings on the stock in the last year is C$18.30.

Several equities research analysts have recently commented on the company. Raymond James Financial reduced their target price on Lightspeed Commerce from C$29.00 to C$25.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. JPMorgan Chase & Co. downgraded Lightspeed Commerce from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from C$14.00 to C$13.00 in a research note on Monday, April 14th. ATB Capital downgraded shares of Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from C$26.00 to C$17.00 in a research report on Thursday, March 27th. Finally, Cormark cut 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 report on Thursday, March 27th.

Lightspeed Commerce Price Performance

LSPD traded down C$0.06 during trading on Monday, reaching C$16.08. The stock had a trading volume of 98,668 shares, compared to its average volume of 652,227. The firm has a market capitalization of C$1.75 billion, a price-to-earnings ratio of -14.29 and a beta of 2.69. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. Lightspeed Commerce has a 1-year low of C$10.50 and a 1-year high of C$26.60. The stock has a 50 day moving average of C$15.05 and a two-hundred day moving average of C$16.65.

Insiders Place Their Bets

In related news, Director Dale Murray acquired 1,886 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were acquired at an average cost of C$14.65 per share, with a total value of C$27,624.81. 9.93% of the stock is currently 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.