Lightspeed Commerce Inc. (TSE:LSPD) Given Average Rating of “Moderate Buy” by Analysts

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$18.89.

LSPD has been the topic of a number of recent research reports. ATB Capital downgraded shares of Lightspeed Commerce from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$26.00 to C$17.00 in a research note on Thursday, March 27th. CIBC dropped their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Cormark reduced their price target on Lightspeed Commerce from C$24.00 to C$21.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. TD Securities decreased their price objective on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating for the company in a research note on Friday, February 7th. Finally, BMO Capital Markets cut their target price on Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th.

Lightspeed Commerce Stock Down 3.3 %

Shares of TSE LSPD opened at C$11.18 on Friday. The stock has a 50 day moving average price of C$17.05 and a 200 day moving average price of C$20.54. The firm has a market capitalization of C$1.22 billion, a price-to-earnings ratio of -9.93 and a beta of 2.69. Lightspeed Commerce has a 52-week low of C$10.58 and a 52-week high of C$26.60. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10.

Insiders Place Their Bets

In other Lightspeed Commerce news, Senior Officer Daniel Robert Micak sold 3,995 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total value of C$78,022.35. Also, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the stock in a transaction dated 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 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.