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

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$18.89.

Several equities research analysts recently weighed in on LSPD shares. Raymond James decreased their price objective on Lightspeed Commerce from C$29.00 to C$25.00 and set an “outperform” rating for the company in a report on Tuesday, March 25th. BMO Capital Markets reduced their target price 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. TD Securities dropped their price target on shares of Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. ATB Capital downgraded shares of Lightspeed Commerce from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$26.00 to C$17.00 in a report on Thursday, March 27th. Finally, Cormark lowered their target price on shares of Lightspeed Commerce from C$24.00 to C$21.00 and set a “buy” rating on the stock in a report on Thursday, March 27th.

Lightspeed Commerce Stock Performance

TSE:LSPD opened at C$12.98 on Friday. The company has a market capitalization of C$1.41 billion, a P/E ratio of -11.53 and a beta of 2.69. The business has a fifty day simple moving average of C$17.44 and a two-hundred day simple moving average of C$20.65. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05. Lightspeed Commerce has a 1 year low of C$12.29 and a 1 year high of C$26.60.

Insider Buying and Selling at Lightspeed Commerce

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were 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 Lightspeed Commerce stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total transaction 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.