Lightspeed Commerce Inc. (TSE:LSPD) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$26.50.

A number of analysts have recently commented on the company. Cormark boosted their price objective on Lightspeed Commerce from C$26.00 to C$26.50 in a research note on Friday, May 17th. CIBC raised Lightspeed Commerce from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from C$26.00 to C$33.00 in a research note on Friday, May 24th.

Lightspeed Commerce Trading Down 1.3 %

TSE:LSPD opened at C$18.59 on Friday. Lightspeed Commerce has a 12-month low of C$16.94 and a 12-month high of C$28.73. The firm has a market capitalization of C$2.85 billion, a P/E ratio of -12.73 and a beta of 2.67. The company has a debt-to-equity ratio of 0.96, a current ratio of 6.34 and a quick ratio of 6.05. The business has a 50 day simple moving average of C$19.35 and a 200 day simple moving average of C$20.67.

Insider Buying and Selling at Lightspeed Commerce

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 21,153 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$20.24, for a total value of C$428,149.41. In other news, Senior Officer Ana Wight sold 1,912 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of C$20.54, for a total value of C$39,272.48. Also, Senior Officer Asha Hotchandani (Bakshani) sold 21,153 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$20.24, for a total value of C$428,149.41. Insiders own 9.81% 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.