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

Lightspeed Commerce (TSE:LSPD) had its price objective trimmed by Cormark from C$24.00 to C$21.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also issued reports on the company. CIBC decreased their price objective on 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. BMO Capital Markets reduced their price target on shares of 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. National Bankshares dropped their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Raymond James reduced their target price on shares of Lightspeed Commerce from C$29.00 to C$25.00 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. Finally, TD Securities lowered their target price on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating for the company 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.89.

Lightspeed Commerce Stock Down 2.9 %

TSE:LSPD opened at C$13.01 on Thursday. Lightspeed Commerce has a 1 year low of C$12.87 and a 1 year high of C$26.60. The stock has a 50-day moving average price of C$17.95 and a two-hundred day moving average price of C$20.74. The stock has a market cap of C$1.41 billion, a price-to-earnings ratio of -11.56 and a beta of 2.69. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83.

Insider Transactions at Lightspeed Commerce

In related news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$15.72, for a total transaction of C$353,527.08. Also, Senior Officer Daniel Robert Micak sold 3,995 shares of the company’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. Company insiders own 9.93% 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.