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

Lightspeed Commerce Inc. (TSE:LSPD) has been given an average rating of “Moderate Buy” by the nine analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$18.89.

A number of equities research analysts have commented on LSPD shares. CIBC decreased 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 report on Friday, February 7th. Stifel Nicolaus dropped their price objective on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Friday, February 7th. TD Securities decreased their price objective on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating on the stock in a research report on Friday, February 7th. 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. Finally, Scotiabank decreased their price target on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, February 7th.

Lightspeed Commerce Trading Down 2.9 %

Shares of LSPD opened at C$13.01 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10. 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. The stock has a fifty day moving average price of C$17.95 and a two-hundred day moving average price of C$20.71. Lightspeed Commerce has a 52-week low of C$12.87 and a 52-week high of C$26.60.

Insider Buying and Selling

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of Lightspeed Commerce stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$15.72, for a total value of C$353,527.08. Also, Senior Officer Daniel Robert Micak sold 3,995 shares of the company’s 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. 9.93% of the stock is owned by company insiders.

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.