Lightspeed Commerce Inc. (TSE:LSPD) Receives C$18.30 Consensus Price Target from Brokerages

Lightspeed Commerce Inc. (TSE:LSPD) has earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$18.30.

A number of research analysts have recently issued reports on LSPD shares. TD Securities dropped their target price 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 dropped their target price on Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Stifel Nicolaus dropped their target price on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Friday, February 7th. Cormark dropped 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. Finally, ATB Capital lowered Lightspeed Commerce from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$26.00 to C$17.00 in a report on Thursday, March 27th.

Insider Activity at Lightspeed Commerce

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

Lightspeed Commerce Trading Up 0.6%

TSE:LSPD opened at C$15.24 on Friday. The firm has a market cap of C$1.66 billion, a P/E ratio of -13.54 and a beta of 2.69. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83. The stock’s 50 day simple moving average is C$13.60 and its 200-day simple moving average is C$18.76. Lightspeed Commerce has a 12-month low of C$10.50 and a 12-month high of C$26.60.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accepts payments, and grow their business. The company sells its platform through a direct sales force in the United States, Canada, Netherlands, Australia, and other countries.