Lightspeed Commerce (TSE:LSPD) Price Target Lowered to C$21.00 at Cormark

Lightspeed Commerce (TSE:LSPD) had its price target cut by investment analysts at Cormark from C$24.00 to C$21.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Cormark’s price objective suggests a potential upside of 61.41% from the stock’s previous close.

A number of other research firms have also issued reports on LSPD. CIBC reduced their price target on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Scotiabank reduced their target price on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Raymond James lowered their price target on shares of Lightspeed Commerce from C$29.00 to C$25.00 and set an “outperform” rating on the stock in a report on Tuesday. National Bankshares cut their price target on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Finally, BMO Capital Markets decreased their price objective on Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$18.89.

Lightspeed Commerce Stock Down 2.9 %

Shares of LSPD stock opened at C$13.01 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10. Lightspeed Commerce has a fifty-two week low of C$12.87 and a fifty-two week high of C$26.60. The firm has a market capitalization of C$1.41 billion, a PE ratio of -11.56 and a beta of 2.69. The stock’s 50-day simple moving average is C$17.95 and its 200-day simple moving average is C$20.71.

Insider Buying and Selling

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of Lightspeed Commerce stock in a transaction dated Monday, March 10th. The shares were 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 the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total transaction of C$78,022.35. 9.93% of the stock is currently owned by insiders.

About Lightspeed Commerce

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.