Brokerages Set Lightspeed Commerce Inc. (TSE:LSPD) Target Price at C$18.89

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

A number of brokerages have recently weighed in on LSPD. ATB Capital lowered Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from C$26.00 to C$17.00 in a research note on Thursday, March 27th. National Bankshares dropped their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Scotiabank reduced their price target on shares of 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. Stifel Nicolaus lowered their price target on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a "hold" rating on the stock in a report on Friday, February 7th. Finally, CIBC reduced their price objective on Lightspeed Commerce from C$35.00 to C$30.00 and set an "outperform" rating for the company in a research note on Friday, February 7th.

Insider Buying and Selling

In other Lightspeed Commerce news, Senior Officer Daniel Robert Micak sold 3,995 shares of the firm'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. Also, 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 transaction of C$353,527.08. 9.93% of the stock is currently owned by insiders.

Lightspeed Commerce Stock Up 2.2 %

LSPD stock traded up C$0.28 on Friday, hitting C$13.05. 240,199 shares of the company's stock were exchanged, compared to its average volume of 701,346. The firm has a 50 day moving average price of C$17.61 and a two-hundred day moving average price of C$20.70. Lightspeed Commerce has a 12-month low of C$12.29 and a 12-month high of C$26.60. The stock has a market cap of C$1.42 billion, a P/E ratio of -11.60 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.

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.