Lightspeed Commerce (TSE:LSPD) Price Target Cut to C$21.00 by Analysts at Cormark

Lightspeed Commerce (TSE:LSPD) had its price objective decreased by stock analysts at Cormark from C$24.00 to C$21.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Cormark’s target price suggests a potential upside of 57.78% from the company’s previous close.

Several other equities analysts have also recently weighed in on LSPD. Stifel Nicolaus reduced their price target on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Friday, February 7th. National Bankshares dropped their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Scotiabank cut 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 research report on Friday, February 7th. TD Securities cut their target price 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, CIBC reduced their target price on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Lightspeed Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.89.

Lightspeed Commerce Stock Down 6.1 %

Shares of Lightspeed Commerce stock traded down C$0.87 during trading on Thursday, reaching C$13.31. 538,421 shares of the company traded hands, compared to its average volume of 700,610. The firm has a market capitalization of C$1.45 billion, a PE ratio of -11.83 and a beta of 2.69. The company has a 50 day moving average price of C$18.27 and a 200-day moving average price of C$20.79. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05. Lightspeed Commerce has a 1-year low of C$13.23 and a 1-year high of C$26.60.

Insider Buying and Selling at Lightspeed Commerce

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the business’s 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 that occurred on Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total value of C$78,022.35. Company insiders own 9.93% of the company’s stock.

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.