Cormark Has Lowered Expectations for Lightspeed Commerce (TSE:LSPD) Stock Price

Lightspeed Commerce (TSE:LSPD) had its target price reduced by equities research analysts at Cormark from C$24.00 to C$21.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Cormark’s price objective would suggest a potential upside of 61.41% from the company’s current price.

A number of other research analysts also recently commented on the company. 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 report on Friday, February 7th. Raymond James lowered their price objective on shares of Lightspeed Commerce from C$29.00 to C$25.00 and set an “outperform” rating for the company in a research report on Tuesday. BMO Capital Markets dropped 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 research note on Friday, February 7th. CIBC decreased their target price on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Finally, Stifel Nicolaus dropped their price target on 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. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$18.89.

Lightspeed Commerce Trading Down 2.9 %

Lightspeed Commerce stock opened at C$13.01 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05. The firm’s 50 day moving average price is C$17.95 and its 200-day moving average price is C$20.71. Lightspeed Commerce has a 1 year low of C$12.87 and a 1 year high of C$26.60. The stock has a market cap of C$1.41 billion, a P/E ratio of -11.56 and a beta of 2.69.

Insider Buying and Selling at Lightspeed Commerce

In other news, Senior Officer Daniel Robert Micak sold 3,995 shares of the business’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. Also, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of Lightspeed Commerce stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$15.72, for a total value of C$353,527.08. 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.