Lightspeed Commerce Inc. (TSE:LSPD) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$18.89.

Several research analysts have weighed in on the stock. Cormark lowered their price objective on shares of Lightspeed Commerce from C$24.00 to C$21.00 and set a "buy" rating on the stock in a report on Thursday. TD Securities lowered their target price on shares of Lightspeed Commerce from C$19.00 to C$13.00 and set a "hold" rating on the stock in a report on Friday, February 7th. BMO Capital Markets dropped their price target on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Stifel Nicolaus decreased their price objective on Lightspeed Commerce from C$18.00 to C$15.00 and set a "hold" rating for the company in a report on Friday, February 7th. Finally, CIBC dropped their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an "outperform" rating on the stock in a report on Friday, February 7th.

Insider Buying and Selling at Lightspeed Commerce

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of Lightspeed Commerce stock in a transaction on Monday, March 10th. The stock was 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 stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total value of C$78,022.35. Insiders own 9.93% of the company's stock.

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Lightspeed Commerce Stock Down 2.9 %

Shares of TSE LSPD traded down C$0.39 during trading on Friday, hitting C$13.01. 782,946 shares of the company traded hands, compared to its average volume of 710,565. The firm has a market capitalization of C$1.41 billion, a price-to-earnings ratio of -11.56 and a beta of 2.69. The business's fifty day moving average is C$17.95 and its 200 day moving average is C$20.77. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10. Lightspeed Commerce has a fifty-two week low of C$12.87 and a fifty-two week high of C$26.60.

Lightspeed Commerce Company Profile

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.