Raymond James Issues Pessimistic Forecast for Lightspeed Commerce (TSE:LSPD) Stock Price

Lightspeed Commerce (TSE:LSPD) had its target price dropped by equities research analysts at Raymond James from C$29.00 to C$25.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 76.30% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. BMO Capital Markets dropped their target price 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. TD Securities reduced their price target on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating on the stock in a research report on Friday, February 7th. CIBC reduced their price objective on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, National Bankshares decreased 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 note on Friday, February 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Lightspeed Commerce presently has an average rating of “Moderate Buy” and a consensus price target of C$19.81.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock opened at C$14.18 on Tuesday. Lightspeed Commerce has a one year low of C$14.13 and a one year high of C$26.60. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05. The stock’s 50-day moving average is C$18.27 and its 200-day moving average is C$20.79. The firm has a market cap of C$1.54 billion, a price-to-earnings ratio of -12.60 and a beta of 2.69.

Insider Activity

In related news, Senior Officer Daniel Robert Micak sold 3,995 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total transaction of C$78,022.35. Also, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$15.72, for a total transaction of C$353,527.08. 9.93% of the stock is currently owned by corporate 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.