Lightspeed Commerce (TSE:LSPD) PT Lowered to C$46.00

Lightspeed Commerce (TSE:LSPD – Get Rating) had its price target cut by Cormark from C$60.00 to C$46.00 in a research note released on Friday morning, MarketBeat.com reports.

LSPD has been the topic of several other research reports. Eight Capital reiterated a buy rating and set a C$47.00 target price on shares of Lightspeed Commerce in a report on Tuesday, May 10th. KeyCorp decreased their target price on Lightspeed Commerce to C$30.00 and set a buy rating on the stock in a report on Thursday, July 7th. TD Securities cut their price target on Lightspeed Commerce from C$80.00 to C$60.00 and set an action list buy rating for the company in a report on Friday, May 20th. BTIG Research reaffirmed a buy rating and set a C$60.00 price target on shares of Lightspeed Commerce in a report on Thursday, May 19th. Finally, Raymond James raised their price target on Lightspeed Commerce from C$40.00 to C$43.00 and gave the company an outperform rating in a report on Friday, May 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lightspeed Commerce has a consensus rating of Moderate Buy and an average target price of C$66.22.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock opened at C$28.18 on Friday. The firm has a market cap of C$4.21 billion and a price-to-earnings ratio of -10.65. The stock’s 50-day moving average is C$28.58 and its 200-day moving average is C$31.49. Lightspeed Commerce has a one year low of C$19.58 and a one year high of C$165.87. The company has a debt-to-equity ratio of 1.78, a current ratio of 6.60 and a quick ratio of 6.29.

Insider Activity

In related news, Senior Officer Daniel Robert Micak sold 4,855 shares of Lightspeed Commerce stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of C$28.60, for a total value of C$138,853.00. Following the transaction, the insider now directly owns 6,640 shares of the company’s stock, valued at C$189,904. In other news, Senior Officer Michael Desimone sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of C$32.47, for a total transaction of C$32,474.00. Following the completion of the sale, the insider now owns 11,136 shares in the company, valued at C$361,630.46. Also, Senior Officer Daniel Robert Micak sold 4,855 shares of the business’s stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of C$28.60, for a total value of C$138,853.00. Following the sale, the insider now owns 6,640 shares of the company’s stock, valued at approximately C$189,904. Over the last three months, insiders have sold 5,894 shares of company stock valued at $172,568.

About Lightspeed Commerce

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Lightspeed Commerce Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Australia, the Netherlands, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.