Lightspeed Commerce (TSE:LSPD) Price Target Cut to C$30.00

Lightspeed Commerce (TSE:LSPDFree Report) had its price objective decreased by ATB Capital from C$35.00 to C$30.00 in a report published on Friday morning, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

LSPD has been the topic of a number of other research reports. JPMorgan Chase & Co. upgraded Lightspeed Commerce from an underperform rating to a neutral rating and set a C$19.00 target price on the stock in a research report on Monday, December 18th. Stifel Nicolaus lowered their target price on Lightspeed Commerce from C$20.00 to C$17.00 and set a hold rating on the stock in a research report on Monday, October 30th. CIBC upped their target price on Lightspeed Commerce from C$24.00 to C$27.00 and gave the stock a neutral rating in a research report on Thursday, February 1st. National Bankshares upped their price objective on Lightspeed Commerce from C$20.00 to C$25.00 and gave the company an outperform rating in a research note on Friday, January 26th. Finally, Raymond James cut their price target on Lightspeed Commerce from C$43.00 to C$35.00 and set an outperform rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of C$24.75.

Get Our Latest Analysis on Lightspeed Commerce

Lightspeed Commerce Stock Down 1.7 %

LSPD opened at C$18.61 on Friday. Lightspeed Commerce has a fifty-two week low of C$16.94 and a fifty-two week high of C$28.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 6.05 and a current ratio of 6.41. The company has a market capitalization of C$2.84 billion, a P/E ratio of -2.12 and a beta of 2.75. The stock has a fifty day moving average of C$24.79 and a 200-day moving average of C$22.16.

Insider Buying and Selling

In other Lightspeed Commerce news, Senior Officer Asha Hotchandani (Bakshani) sold 1,401 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of C$22.61, for a total transaction of C$31,676.61. In other Lightspeed Commerce news, Senior Officer Kady Srinivasan sold 1,558 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$16.83, for a total transaction of C$26,221.14. Also, Senior Officer Asha Hotchandani (Bakshani) sold 1,401 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of C$22.61, for a total value of C$31,676.61. Insiders sold 24,790 shares of company stock valued at $554,365 over the last 90 days. Company insiders own 9.80% of the company’s stock.

Lightspeed Commerce Company Profile

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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.

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Analyst Recommendations for Lightspeed Commerce (TSE:LSPD)

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