Lightspeed Commerce (TSE:LSPD) Given New C$25.00 Price Target at Raymond James

Lightspeed Commerce (TSE:LSPD) had its price objective cut by Raymond James from C$29.00 to C$25.00 in a report published on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts also recently issued research reports about the company. TD Securities dropped their price objective on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. National Bankshares reduced their price objective on 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 decreased 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. BMO Capital Markets decreased their price objective 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. Finally, CIBC cut their price objective on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.81.

Lightspeed Commerce Price Performance

Shares of LSPD opened at C$14.43 on Tuesday. The stock’s 50-day moving average price is C$18.41 and its two-hundred day moving average price is C$20.84. Lightspeed Commerce has a 1 year low of C$14.13 and a 1 year high of C$26.60. The stock has a market cap of C$1.57 billion, a P/E ratio of -12.82 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 Activity at Lightspeed Commerce

In other Lightspeed Commerce news, Senior Officer Daniel Robert Micak sold 3,995 shares of the stock in a transaction dated Tuesday, February 18th. The stock was 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 Lightspeed Commerce 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 owned by 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.