Lightspeed Commerce Inc. (TSE:LSPD) Receives Average Recommendation of "Hold" from Analysts

Shares of Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) have been given a consensus recommendation of "Hold" by the ten brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$18.30.

A number of research analysts have recently issued reports on the stock. ATB Capital downgraded shares of Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from C$26.00 to C$17.00 in a research report on Thursday, March 27th. Raymond James Financial 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 report on Tuesday, March 25th. JPMorgan Chase & Co. lowered shares of 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, Cormark dropped 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 Stock Performance

Shares of TSE LSPD traded up C$0.24 during mid-day trading on Monday, reaching C$16.14. 332,051 shares of the company were exchanged, compared to its average volume of 656,506. Lightspeed Commerce has a twelve month low of C$10.50 and a twelve month 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 company's 50-day simple moving average is C$15.00 and its 200-day simple moving average is C$16.65. The stock has a market capitalization of C$1.76 billion, a P/E ratio of -14.34 and a beta of 2.69.

Insiders Place Their Bets

In other news, Director Dale Murray acquired 1,886 shares of Lightspeed Commerce stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average price of C$14.65 per share, for a total transaction 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.