Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) traded up 15.4% on Thursday . The stock traded as high as C$20.45 and last traded at C$20.04. 1,291,902 shares traded hands during trading, an increase of 87% from the average session volume of 691,027 shares. The stock had previously closed at C$17.37.
Analysts Set New Price Targets
A number of equities analysts have issued reports on LSPD shares. ATB Capital lowered their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an "outperform" rating for the company in a report on Friday, February 9th. National Bankshares boosted their target price on shares of Lightspeed Commerce from C$20.00 to C$25.00 and gave the stock an "outperform" rating in a report on Friday, January 26th. Raymond James dropped their price target on shares of Lightspeed Commerce from C$43.00 to C$35.00 and set an "outperform" rating for the company in a research note on Friday, February 9th. Cormark cut their price target on shares of Lightspeed Commerce from C$35.00 to C$26.00 in a report on Monday, February 12th. Finally, CIBC decreased their price objective on Lightspeed Commerce from C$27.00 to C$25.00 and set a "neutral" rating for the company in a report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$24.75.
View Our Latest Report on LSPD
Lightspeed Commerce Trading Up 18.3 %
The firm has a 50-day moving average of C$18.41 and a 200 day moving average of C$21.21. The company has a market cap of C$3.16 billion, a P/E ratio of -11.13 and a beta of 2.67. The company has a current ratio of 6.22, a quick ratio of 6.05 and a debt-to-equity ratio of 0.96.
About Lightspeed Commerce
(
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Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.
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