ATB Capital Boosts Lightspeed Commerce (TSE:LSPD) Price Target to C$18.00

Key Points

• ATB Capital has raised its price target for Lightspeed Commerce from C$17.00 to C$18.00, indicating a potential upside of 5.45% from the previous closing price.
• Multiple analysts have varying price targets, with Cormark increasing theirs to C$25.00, while JPMorgan lowered theirs to C$13.00, reflecting differing views on the stock's performance.
• Currently, 9.93% of Lightspeed Commerce's stock is owned by corporate insiders, with recent purchases indicating ongoing confidence among management.

Lightspeed Commerce (TSE:LSPD - Get Free Report) had its price target boosted by research analysts at ATB Capital from C$17.00 to C$18.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. ATB Capital's price objective indicates a potential upside of 6.07% from the stock's current price.

Several other research firms have also issued reports on LSPD. Cormark upped their target price on Lightspeed Commerce from C$20.00 to C$25.00 in a report on Friday. JPMorgan Chase & Co. downgraded Lightspeed Commerce from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from C$14.00 to C$13.00 in a research report on Monday, April 14th. Finally, Raymond James Financial boosted their price target on Lightspeed Commerce from C$20.00 to C$23.00 and gave the stock an "outperform" rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$18.60.

Lightspeed Commerce Stock Down 1.7%

LSPD traded down C$0.30 on Friday, hitting C$16.97. 802,289 shares of the company were exchanged, compared to its average volume of 638,618. Lightspeed Commerce has a 12 month low of C$10.50 and a 12 month high of C$26.60. The company 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 debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10. The stock's fifty day moving average is C$16.14 and its 200-day moving average is C$16.00.

Insider Activity at Lightspeed Commerce

In other news, Director Dale Murray purchased 1,886 shares of the company's stock in a transaction dated Friday, May 30th. The stock was bought at an average cost of C$14.65 per share, for a total transaction of C$27,624.81. Insiders own 9.93% of the company's stock.

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.