Analysts Set Lightspeed Commerce Inc. (TSE:LSPD) Target Price at C$20.31

Lightspeed Commerce Inc. (TSE:LSPD) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$20.31.

LSPD has been the subject of several recent analyst reports. BMO Capital Markets cut their price target 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. CIBC reduced their price target on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. National Bankshares lowered their price objective on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Scotiabank cut their price objective on 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. Finally, Stifel Nicolaus reduced their target price on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Friday, February 7th.

Insider Activity at Lightspeed Commerce

In other news, 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. 9.93% of the stock is owned by corporate insiders.

Lightspeed Commerce Stock Down 3.6 %

Lightspeed Commerce stock opened at C$16.29 on Tuesday. 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 stock has a market capitalization of C$1.77 billion, a PE ratio of -14.47 and a beta of 2.69. The business has a 50 day simple moving average of C$20.32 and a 200-day simple moving average of C$21.03. Lightspeed Commerce has a 12 month low of C$16.04 and a 12 month high of C$26.60.

Lightspeed Commerce Company Profile

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.