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

Lightspeed Commerce Inc. (TSE:LSPD) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, 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 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$18.89.

A number of brokerages have recently commented on LSPD. Cormark cut their price target on Lightspeed Commerce from C$24.00 to C$21.00 and set a “buy” rating on the stock in a research note on Thursday. Raymond James reduced their target price on shares of Lightspeed Commerce from C$29.00 to C$25.00 and set an “outperform” rating on the stock in a report on Tuesday. Stifel Nicolaus dropped their price target on shares of 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. CIBC reduced their price objective on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, 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 report on Friday, February 7th.

Insider Transactions at Lightspeed Commerce

In related news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of Lightspeed Commerce stock in a transaction that occurred on Monday, March 10th. The stock was 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. Insiders own 9.93% of the company’s stock.

Lightspeed Commerce Trading Down 2.9 %

TSE LSPD opened at C$13.01 on Friday. The company has a market cap of C$1.41 billion, a price-to-earnings ratio of -11.56 and a beta of 2.69. Lightspeed Commerce has a twelve month low of C$12.87 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 business’s fifty day moving average is C$17.95 and its 200 day moving average is C$20.71.

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.