Lightspeed Commerce (TSE:LSPD) Price Target Cut to C$25.00 by Analysts at Raymond James

Lightspeed Commerce (TSE:LSPD) had its price objective decreased by equities research analysts at Raymond James from C$29.00 to C$25.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 76.30% from the stock’s previous close.

LSPD has been the subject of a number of other reports. CIBC lowered 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 report on Friday, February 7th. National Bankshares lowered their price target 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. BMO Capital Markets reduced their price objective on Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. 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 note on Friday, February 7th. Finally, Scotiabank reduced their price target on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$19.81.

Lightspeed Commerce Stock Performance

TSE:LSPD opened at C$14.18 on Tuesday. The company has a market capitalization of C$1.54 billion, a price-to-earnings ratio of -12.60 and a beta of 2.69. The business has a 50 day moving average of C$18.27 and a 200 day moving average of C$20.79. 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$14.13 and a 1-year high of C$26.60.

Insider Activity

In related news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the firm’s 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 Lightspeed Commerce stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total transaction of C$78,022.35. Insiders own 9.93% of the company’s stock.

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.