Lightspeed Commerce Inc. (TSE:LSPD) Receives C$18.89 Average Target Price from Brokerages

Lightspeed Commerce Inc. (TSE:LSPD) has received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$18.89.

A number of research analysts have issued reports on the stock. ATB Capital downgraded shares of Lightspeed Commerce from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$26.00 to C$17.00 in a research report on Thursday, March 27th. BMO Capital Markets cut their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. National Bankshares decreased their price target 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 note on Friday, February 7th. Stifel Nicolaus lowered their price objective on shares of 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, Cormark reduced their target price on Lightspeed Commerce from C$24.00 to C$21.00 and set a “buy” rating on the stock in a report on Thursday, March 27th.

Lightspeed Commerce Price Performance

LSPD opened at C$12.98 on Friday. 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 stock has a market capitalization of C$1.41 billion, a PE ratio of -11.53 and a beta of 2.69. The stock’s 50 day moving average price is C$17.44 and its 200-day moving average price is C$20.65. Lightspeed Commerce has a 52-week low of C$12.29 and a 52-week high of C$26.60.

Insiders Place Their Bets

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of Lightspeed Commerce stock in a transaction that occurred 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 business’s 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. Corporate insiders own 9.93% of the company’s stock.

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.