Lightspeed Commerce Inc. (TSE:LSPD) Given Consensus Rating of “Hold” by Brokerages

Lightspeed Commerce Inc. (TSE:LSPD) has received a consensus rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat reports. One equities research 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 1-year target price among brokers that have issued ratings on the stock in the last year is C$18.30.

LSPD has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded Lightspeed Commerce from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from C$14.00 to C$13.00 in a research note on Monday, April 14th. ATB Capital cut shares of Lightspeed Commerce from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$26.00 to C$17.00 in a research note on Thursday, March 27th. Raymond James reduced their target price on shares of 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. Finally, Cormark lowered their price target 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 Price Performance

Shares of LSPD opened at C$16.49 on Thursday. The stock has a market cap of C$1.79 billion, a P/E ratio of -14.65 and a beta of 2.69. Lightspeed Commerce has a 1 year low of C$10.50 and a 1 year high of C$26.60. The stock’s 50-day moving average price is C$14.00 and its two-hundred day moving average price is C$17.81. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83.

Insiders Place Their Bets

In related news, Director Dale Murray acquired 1,886 shares of the business’s stock in a transaction dated Friday, May 30th. The shares were bought at an average price of C$14.65 per share, with a total value of C$27,624.81. Company insiders own 9.93% of the company’s stock.

Lightspeed Commerce Company Profile

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.