Lightspeed Commerce Inc. (TSE:LSPD) Given Average Rating of “Moderate Buy” by Analysts

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$20.31.

Several brokerages have recently commented on LSPD. Raymond James decreased their price objective on Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating for the company in a report on Friday, February 7th. CIBC lowered their price target on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a report on Friday, February 7th. TD Securities dropped their price target on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. National Bankshares decreased their price objective 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 report on Friday, February 7th. Finally, BMO Capital Markets lowered their target price on shares of 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.

Lightspeed Commerce Price Performance

Shares of LSPD opened at C$15.77 on Tuesday. The company has a market cap of C$1.71 billion, a price-to-earnings ratio of -14.01 and a beta of 2.69. Lightspeed Commerce has a twelve month low of C$15.64 and a twelve month high of C$26.60. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average of C$20.08 and a two-hundred day moving average of C$21.03.

Insider Buying and Selling

In other Lightspeed Commerce news, Senior Officer Daniel Robert Micak sold 3,995 shares of Lightspeed Commerce stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total transaction of C$78,022.35. 9.93% of the stock is owned by corporate insiders.

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.