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

Key Points

• Lightspeed Commerce Inc. (TSE:LSPD) has received an average recommendation of "Hold" from ten brokerages, with one sell rating, four hold ratings, and five buy ratings.
• The average 12-month price target for LSPD shares among analysts is C$18.60, with recent target price increases from various firms ranging up to C$25.00.
• Currently, shares of Lightspeed Commerce are trading at approximately C$16.79, reflecting a market capitalization of C$1.83 billion, while insiders own 9.93% of the stock.

Shares of Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) have been assigned a consensus rating of "Hold" from the ten research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation 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$18.60.

Several analysts have issued reports on the stock. ATB Capital increased their target price on shares of Lightspeed Commerce from C$17.00 to C$18.00 and gave the stock a "sector perform" rating in a research note on Friday, August 1st. Raymond James Financial increased their target price on shares of Lightspeed Commerce from C$20.00 to C$23.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, Cormark increased their target price on shares of Lightspeed Commerce from C$20.00 to C$25.00 in a research note on Friday, August 1st.

Lightspeed Commerce Stock Performance

Shares of LSPD stock opened at C$16.79 on Tuesday. The stock has a market capitalization of C$1.83 billion, a P/E ratio of -14.92 and a beta of 2.69. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83. The firm's 50 day moving average is C$16.62 and its 200 day moving average is C$15.57. Lightspeed Commerce has a 12 month low of C$10.50 and a 12 month high of C$26.60.

Insider Transactions at Lightspeed Commerce

In other news, Director Dale Murray bought 1,886 shares of the stock in a transaction on Friday, May 30th. The shares were acquired at an average cost of C$14.65 per share, for a total transaction of C$27,624.81. 9.93% of the stock is owned by corporate insiders.

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.

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