Raymond James Issues Pessimistic Forecast for Lightspeed Commerce (TSE:LSPD) Stock Price

Lightspeed Commerce (TSE:LSPD - Free Report) had its price objective lowered by Raymond James from C$29.00 to C$25.00 in a report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also recently commented on LSPD. National Bankshares reduced their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Stifel Nicolaus reduced their price objective on Lightspeed Commerce from C$18.00 to C$15.00 and set a "hold" rating for the company in a research note on Friday, February 7th. TD Securities decreased their price objective on Lightspeed Commerce from C$19.00 to C$13.00 and set a "hold" rating for the company in a research report on Friday, February 7th. Scotiabank dropped their target price on Lightspeed Commerce from C$21.00 to C$19.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Finally, BMO Capital Markets cut their price target on Lightspeed Commerce from C$20.00 to C$15.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Lightspeed Commerce presently has a consensus rating of "Moderate Buy" and a consensus price target of C$18.89.

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Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock traded down C$0.39 during trading on Tuesday, reaching C$13.01. The company's stock had a trading volume of 782,946 shares, compared to its average volume of 710,565. The firm has a market cap of C$1.41 billion, a PE ratio of -11.56 and a beta of 2.69. The company has a 50-day moving average price of C$17.95 and a two-hundred day moving average price of C$20.71. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83. Lightspeed Commerce has a fifty-two week low of C$12.87 and a fifty-two week high of C$26.60.

Insiders Place Their Bets

In other Lightspeed Commerce news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$15.72, for a total transaction 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 shares were sold at an average price of C$19.53, for a total transaction of C$78,022.35. 9.93% of the stock is currently owned by company insiders.

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.