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

Lightspeed Commerce (TSE:LSPD) had its price objective lowered by equities research analysts at Raymond James from C$29.00 to C$25.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 74.09% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. BMO Capital Markets lowered 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. CIBC dropped their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. National Bankshares decreased their price target on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Scotiabank cut their price objective on 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. Finally, Stifel Nicolaus reduced their target price on Lightspeed Commerce from C$18.00 to C$15.00 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$19.81.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock traded up C$0.09 during trading on Tuesday, reaching C$14.36. The company’s stock had a trading volume of 355,224 shares, compared to its average volume of 699,198. The company has a 50-day moving average price of C$18.55 and a two-hundred day moving average price of C$20.85. Lightspeed Commerce has a fifty-two week low of C$14.13 and a fifty-two week high of C$26.60. The firm has a market cap of C$1.56 billion, a PE ratio of -12.76 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 other news, Senior Officer Daniel Robert Micak sold 3,995 shares of the company’s stock in a transaction 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 Lightspeed Commerce stock in a transaction 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. 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.