Lightspeed Commerce Inc. (TSE:LSPD) Receives C$20.31 Consensus Target Price from Analysts

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$20.31.

Several research analysts have issued reports on the company. Raymond James cut their price target on Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. BMO Capital Markets decreased their target price on Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. National Bankshares reduced their target price on 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. CIBC dropped their price target on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Finally, TD Securities lowered their target price on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating for the company in a research note on Friday, February 7th.

Lightspeed Commerce Price Performance

Lightspeed Commerce stock opened at C$15.77 on Tuesday. 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 company has a market capitalization of C$1.71 billion, a PE ratio of -14.01 and a beta of 2.69. Lightspeed Commerce has a 12 month low of C$15.64 and a 12 month high of C$26.60. The stock has a 50-day moving average price of C$20.08 and a two-hundred day moving average price of C$21.03.

Insider Buying and Selling at Lightspeed Commerce

In related news, Senior Officer Daniel Robert Micak sold 3,995 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total value of C$78,022.35. Company insiders own 9.93% of the company’s stock.

About Lightspeed Commerce

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.