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

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

Other research analysts also recently issued reports about the company. Raymond James dropped their price target on Lightspeed Commerce from C$29.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday. 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. CIBC lowered their price target 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 cut their price objective 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 shares of 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$18.89.

Lightspeed Commerce Price Performance

Shares of TSE LSPD opened at C$13.40 on Thursday. The firm has a market capitalization of C$1.46 billion, a P/E ratio of -11.91 and a beta of 2.69. The firm’s 50-day moving average price is C$18.11 and its 200-day moving average price is C$20.74. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83. 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 related news, Senior Officer Daniel Robert Micak sold 3,995 shares of Lightspeed Commerce stock in a transaction that occurred on 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 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. Corporate 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.