Lightspeed Commerce (TSE:LSPD) Price Target Cut to C$21.00 by Analysts at Cormark

Lightspeed Commerce (TSE:LSPD - Get Free Report) had its price objective decreased by investment analysts at Cormark from C$24.00 to C$21.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Cormark's target price suggests a potential upside of 66.80% from the company's current price.

LSPD has been the subject of several other reports. CIBC dropped 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 7th. National Bankshares cut their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Raymond James decreased their target price on shares of Lightspeed Commerce from C$29.00 to C$25.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. TD Securities reduced their price target on shares of Lightspeed Commerce from C$19.00 to C$13.00 and set a "hold" rating on the stock in a research report on Friday, February 7th. Finally, Scotiabank lowered their price objective on Lightspeed Commerce from C$21.00 to C$19.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$18.89.

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Lightspeed Commerce Price Performance

Shares of LSPD stock traded down C$0.42 on Thursday, reaching C$12.59. 717,750 shares of the company were exchanged, compared to its average volume of 710,680. 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 business has a 50-day moving average price of C$17.95 and a 200 day moving average price of C$20.77. The company has a market cap of C$1.37 billion, a price-to-earnings ratio of -11.19 and a beta of 2.69. Lightspeed Commerce has a 1 year low of C$12.54 and a 1 year high of C$26.60.

Insider Activity at Lightspeed Commerce

In other Lightspeed Commerce news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$15.72, for a total value of C$353,527.08. Also, Senior Officer Daniel Robert Micak sold 3,995 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total value of C$78,022.35. Company insiders own 9.93% of the company's stock.

About Lightspeed Commerce

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.