Lightspeed Commerce Inc. (TSE:LSPD) Receives Average Recommendation of "Hold" from Analysts

Shares of Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) have received an average rating of "Hold" from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$18.30.

A number of analysts have weighed in on LSPD shares. Cormark decreased their price target on Lightspeed Commerce from C$24.00 to C$21.00 and set a "buy" rating for the company in a report on Thursday, March 27th. TD Securities dropped 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 research report on Friday, February 7th. BMO Capital Markets reduced their price target on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an "outperform" rating for the company in a report on Friday, February 7th. CIBC cut their price target 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. Finally, National Bankshares lowered 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.

Lightspeed Commerce Price Performance

Shares of TSE:LSPD opened at C$13.25 on Wednesday. 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 52 week low of C$10.50 and a 52 week high of C$26.60. The firm has a market cap of C$1.44 billion, a PE ratio of -11.77 and a beta of 2.69. The firm's fifty day moving average is C$14.98 and its 200-day moving average is C$19.77.

Insider Transactions at Lightspeed Commerce

In related news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the company'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 Lightspeed Commerce stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total transaction 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.

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