Raymond James Has Lowered Expectations for Lightspeed Commerce (TSE:LSPD) Stock Price

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

A number of other brokerages also recently issued reports on LSPD. TD Securities cut their price target on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating on the stock in a report on Friday, February 7th. BMO Capital Markets cut their target price on 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 report on Friday, February 7th. Stifel Nicolaus cut their price objective on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research report on Friday, February 7th. Finally, Scotiabank reduced their price objective on shares of Lightspeed Commerce from C$21.00 to C$19.00 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. According to MarketBeat.com, Lightspeed Commerce currently has a consensus rating of “Moderate Buy” and an average price target of C$18.89.

Lightspeed Commerce Stock Performance

Shares of LSPD stock opened at C$13.40 on Tuesday. The firm has a market cap of C$1.46 billion, a price-to-earnings ratio of -11.91 and a beta of 2.69. Lightspeed Commerce has a 52-week low of C$13.23 and a 52-week 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’s 50 day moving average is C$18.11 and its 200 day moving average is C$20.74.

Insider Buying and Selling

In related news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was 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 dated Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total value of C$78,022.35. 9.93% of the stock is owned by company 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.