Lightspeed Commerce Inc. (TSE:LSPD) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Lightspeed Commerce Inc. has received a consensus rating of "Hold" from ten brokerages, with one sell, four hold, and five buy recommendations.
• The average twelve-month price target set by analysts for Lightspeed Commerce is C$18.60, with recent adjustments ranging from C$13.00 to C$25.00.
• Insider activity included Director Dale Murray purchasing 1,886 shares at an average price of C$14.65, with insiders currently owning 9.93% of the company's stock.

Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) has been given an average recommendation of "Hold" by the ten brokerages that are currently covering the company, MarketBeat reports. One equities research 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 twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$18.60.

Several analysts have recently commented on the stock. Raymond James Financial lifted their price target on shares of Lightspeed Commerce from C$20.00 to C$23.00 and gave the company an "outperform" rating in a research report on Friday. JPMorgan Chase & Co. lowered Lightspeed Commerce from a "neutral" rating to an "underperform" rating and cut their target price for the company from C$14.00 to C$13.00 in a research report on Monday, April 14th. ATB Capital boosted their target price on Lightspeed Commerce from C$17.00 to C$18.00 and gave the company a "sector perform" rating in a research report on Friday. Finally, Cormark boosted their price target on shares of Lightspeed Commerce from C$20.00 to C$25.00 in a research note on Friday.

Lightspeed Commerce Price Performance

Shares of TSE:LSPD traded down C$0.30 during trading on Friday, reaching C$16.97. 802,289 shares of the company's stock traded hands, compared to its average volume of 637,251. 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 fifty-two week low of C$10.50 and a fifty-two week high of C$26.60. The firm has a market cap of C$1.85 billion, a PE ratio of -15.08 and a beta of 2.69. The company has a 50-day simple moving average of C$16.09 and a 200-day simple moving average of C$16.10.

Insider Buying and Selling

In other news, Director Dale Murray purchased 1,886 shares of Lightspeed Commerce stock in a transaction that occurred on Friday, May 30th. The stock was acquired 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 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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