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

Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) has earned an average recommendation of "Hold" from the ten research firms that are 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 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$18.30.

Several brokerages recently commented on LSPD. Stifel Nicolaus reduced their target price on Lightspeed Commerce from C$18.00 to C$15.00 and set a "hold" rating for the company in a research report on Friday, February 7th. Scotiabank reduced their price objective on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Raymond James decreased 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. CIBC dropped their price target on shares of 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. Finally, JPMorgan Chase & Co. downgraded Lightspeed Commerce from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from C$14.00 to C$13.00 in a report on Monday, April 14th.

Insiders Place Their Bets

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of Lightspeed Commerce stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$15.72, for a total value of C$353,527.08. Also, Senior Officer Daniel Robert Micak sold 3,995 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total value of C$78,022.35. Insiders own 9.93% of the company's stock.

Lightspeed Commerce Stock Performance

LSPD stock traded down C$0.27 on Wednesday, reaching C$13.94. 284,832 shares of the company were exchanged, compared to its average volume of 728,812. The firm has a market capitalization of C$1.52 billion, a PE ratio of -12.39 and a beta of 2.69. Lightspeed Commerce has a 12 month low of C$10.50 and a 12 month high of C$26.60. The stock's fifty day moving average price is C$14.66 and its 200 day moving average price is C$19.59. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05.

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.