Lightspeed Commerce Inc. (TSE:LSPD) Given Consensus Rating of "Hold" by Analysts

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

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

Insider Activity

In other Lightspeed Commerce news, Director Dale Murray acquired 1,886 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was bought at an average price of C$14.65 per share, with a total value of C$27,624.81. 9.93% of the stock is currently owned by corporate insiders.

Lightspeed Commerce Stock Down 1.4%

Shares of LSPD traded down C$0.22 during trading hours on Monday, hitting C$16.03. The stock had a trading volume of 534,207 shares, compared to its average volume of 651,570. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05. Lightspeed Commerce has a 1-year low of C$10.50 and a 1-year high of C$26.60. The firm has a 50 day simple moving average of C$15.10 and a 200-day simple moving average of C$16.64. The firm has a market capitalization of C$1.74 billion, a P/E ratio of -14.24 and a beta of 2.69.

About Lightspeed Commerce

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.