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

Lightspeed Commerce (TSE:LSPD) had its price target cut by equities research analysts at Raymond James from C$29.00 to C$25.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 74.09% from the stock’s current price.

LSPD has been the subject of a number of other reports. Scotiabank lowered their price target on 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. CIBC dropped 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. National Bankshares lowered their price objective 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. BMO Capital Markets cut their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lightspeed Commerce has an average rating of “Moderate Buy” and an average target price of C$19.81.

Lightspeed Commerce Stock Up 0.6 %

TSE:LSPD traded up C$0.09 during mid-day trading on Tuesday, reaching C$14.36. The stock had a trading volume of 355,224 shares, compared to its average volume of 699,198. The stock’s 50 day simple moving average is C$18.55 and its two-hundred day simple moving average is C$20.85. Lightspeed Commerce has a 1-year low of C$14.13 and a 1-year high of C$26.60. The company has a market capitalization of C$1.56 billion, a price-to-earnings ratio of -12.76 and a beta of 2.69. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05.

Insider Buying and Selling at Lightspeed Commerce

In related news, Senior Officer Daniel Robert Micak sold 3,995 shares of the 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 dated Monday, March 10th. The stock was sold at an average price of C$15.72, for a total value of C$353,527.08. 9.93% of the stock is owned by corporate insiders.

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.