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

Lightspeed Commerce Inc. (TSE:LSPD) has been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$18.30.

LSPD has been the topic of a number of research analyst reports. ATB Capital lowered Lightspeed Commerce from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$26.00 to C$17.00 in a research note on Thursday, March 27th. Stifel Nicolaus lowered their price target on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. Scotiabank dropped their price objective on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. National Bankshares dropped their price objective on shares of 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. Finally, CIBC dropped 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 research note on Friday, February 7th.

Insider Transactions at Lightspeed Commerce

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$15.72, for a total transaction of C$353,527.08. Corporate insiders own 9.93% of the company’s stock.

Lightspeed Commerce Stock Up 0.6%

Lightspeed Commerce stock opened at C$15.24 on Friday. The stock has a market capitalization of C$1.66 billion, a PE ratio of -13.54 and a beta of 2.69. Lightspeed Commerce has a 12 month low of C$10.50 and a 12 month high of C$26.60. The business has a 50 day simple moving average of C$13.60 and a 200-day simple moving average of C$18.76. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05.

About Lightspeed Commerce

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.