Raymond James Cuts Lightspeed Commerce (TSE:LSPD) Price Target to C$25.00

Lightspeed Commerce (TSE:LSPD) had its target price cut by Raymond James from C$29.00 to C$25.00 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also recently weighed in on LSPD. CIBC decreased their price objective on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a report on Friday, February 7th. National Bankshares cut their price objective on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Stifel Nicolaus decreased their price target 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. BMO Capital Markets cut their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating for the company in a 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 on the stock in a research report on Friday, February 7th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Lightspeed Commerce currently has an average rating of “Moderate Buy” and a consensus price target of C$18.89.

Lightspeed Commerce Trading Down 5.5 %

TSE:LSPD opened at C$13.40 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. Lightspeed Commerce has a 12 month low of C$13.23 and a 12 month high of C$26.60. The stock has a market cap of C$1.46 billion, a price-to-earnings ratio of -11.91 and a beta of 2.69. The company has a 50-day moving average price of C$18.11 and a 200-day moving average price of C$20.74.

Insider Transactions at Lightspeed Commerce

In other Lightspeed Commerce news, Senior Officer Daniel Robert Micak sold 3,995 shares of the stock in a transaction 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. Also, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the business’s stock in a transaction on Monday, March 10th. The shares were 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.

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.