Brokerages Set Lightspeed Commerce Inc. (TSE:LSPD) PT at C$18.30

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

A number of equities research analysts have weighed in on LSPD shares. ATB Capital cut shares of Lightspeed Commerce from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$26.00 to C$17.00 in a report on Thursday, March 27th. Cormark cut their price target on shares of 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. Raymond James cut their price target 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, March 25th. Finally, JPMorgan Chase & Co. cut shares of Lightspeed Commerce from a “neutral” rating to an “underperform” rating and cut their price target for the company from C$14.00 to C$13.00 in a report on Monday, April 14th.

Lightspeed Commerce Price Performance

Shares of LSPD opened at C$15.43 on Thursday. The stock has a market cap of C$1.68 billion, a PE ratio of -13.71 and a beta of 2.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10. Lightspeed Commerce has a fifty-two week low of C$10.50 and a fifty-two week high of C$26.60. The firm’s 50-day simple moving average is C$14.24 and its two-hundred day simple moving average is C$17.48.

Insider Activity at Lightspeed Commerce

In related news, Director Dale Murray acquired 1,886 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were bought at an average price of C$14.65 per share, for a total transaction of C$27,624.81. 9.93% of the stock is owned by insiders.

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.