Lightspeed Commerce - LSPD Stock Forecast, Price & News

Lightspeed Commerce Inc. provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Australia, the Netherlands, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc. The company's cloud platforms are designed interrelated elements, such as omni-channel consumer experience, a comprehensive back-office operations management suite to improve customers' efficiency and insight, and the facilitation of payments. Its platform functionalities include full omni-channel capabilities, point of sale (POS), product and menu management, employee and inventory management, analytics and reporting, multi-location connectivity, order-ahead and curbside pickup functionality, loyalty, and customer management solutions. The company also offers tailored financial solutions, such as Lightspeed Analytics; Lightspeed Payments; and Lightspeed Capital, a merchant cash advance program. In addition, it sells POS peripheral hardware, including tablets, customer facing displays, receipt printers, networking hardware, cash drawers, payment terminals, servers, stands, bar-code scanners, and an assortment of accessories, as well as provides installation and implementation services. The company was formerly known as Lightspeed POS Inc. and changed its name to Lightspeed Commerce Inc. in August 2021. Lightspeed Commerce Inc. was incorporated in 2005 and is headquartered in Montréal, Canada.

Lightspeed Commerce Price Performance

LSPD Stock traded down C$0.09 during mid-day trading on Friday, reaching C$30.07. 945,937 shares of the company's stock were exchanged, compared to its average volume of 1,392,902. The company has a market cap of C$4.47 billion and a price-to-earnings ratio of -11.37. The stock's 50 day moving average is C$28.20 and its 200 day moving average is C$31.18. The company has a debt-to-equity ratio of 1.74, a current ratio of 5.55 and a quick ratio of 5.28. Lightspeed Commerce has a 12-month low of C$19.58 and a 12-month high of C$165.87.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. BTIG Research reissued a "buy" rating and issued a C$60.00 target price on shares of Lightspeed Commerce in a research report on Thursday, May 19th. ATB Capital dropped their price target on Lightspeed Commerce from C$80.00 to C$75.00 in a research note on Friday, August 5th. Truist Financial decreased their target price on shares of Lightspeed Commerce to C$45.00 and set a "buy" rating on the stock in a research report on Friday, May 20th. Cormark cut their price objective on shares of Lightspeed Commerce from C$60.00 to C$46.00 in a research report on Friday, August 5th. Finally, Raymond James boosted their price objective on Lightspeed Commerce from C$40.00 to C$43.00 and gave the company an "outperform" rating in a report on Friday, May 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lightspeed Commerce presently has a consensus rating of "Moderate Buy" and an average price target of C$61.29.

Insiders Place Their Bets

In other news, Senior Officer Michael Desimone sold 1,000 shares of Lightspeed Commerce stock in a transaction dated Friday, June 24th. The shares were sold at an average price of C$32.47, for a total value of C$32,474.00. Following the sale, the insider now owns 11,136 shares in the company, valued at C$361,630.46. In other news, Senior Officer Daniel Robert Micak sold 4,855 shares of the stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of C$28.60, for a total value of C$138,853.00. Following the completion of the sale, the insider now directly owns 6,640 shares in the company, valued at C$189,904. Also, Senior Officer Michael Desimone sold 1,000 shares of the business's stock in a transaction dated Friday, June 24th. The stock was sold at an average price of C$32.47, for a total transaction of C$32,474.00. Following the transaction, the insider now owns 11,136 shares in the company, valued at C$361,630.46. Over the last ninety days, insiders sold 5,894 shares of company stock worth $172,568.