Lightspeed Commerce Inc. (TSE:LSPD) Receives Consensus Rating of "Hold" from Analysts

Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) has been given an average recommendation of "Hold" by the ten brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$18.60.Several analysts have recently commented on the stock. Raymond James Financial lifted their price target on shares of Lightspeed Commerce from C$20.00 to C$23.00 and gave the company an "outperform" rating in a research report on Friday. JPMorgan Chase & Co. lowered Lightspeed Commerce from a "neutral" rating to an "underperform" rating and cut their target price for the company from C$14.00 to C$13.00 in a research report on Monday, April 14th. ATB Capital boosted their target price on Lightspeed Commerce from C$17.00 to C$18.00 and gave the company a "sector perform" rating in a research report on Friday. Finally, Cormark boosted their price target on shares of Lightspeed Commerce from C$20.00 to C$25.00 in a research note on Friday.Get Lightspeed Commerce alerts:Read Our Latest Stock Report on LSPDLightspeed Commerce Price PerformanceShares of TSE:LSPD traded down C$0.30 during trading on Friday, reaching C$16.97. 802,289 shares of the company's stock traded hands, compared to its average volume of 637,251. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. Lightspeed Commerce has a fifty-two week low of C$10.50 and a fifty-two week high of C$26.60. The firm has a market cap of C$1.85 billion, a PE ratio of -15.08 and a beta of 2.69. The company has a 50-day simple moving average of C$16.09 and a 200-day simple moving average of C$16.10. Insider Buying and SellingIn other news, Director Dale Murray purchased 1,886 shares of Lightspeed Commerce stock in a transaction that occurred on Friday, May 30th. The stock was acquired at an average price of C$14.65 per share, for a total transaction of C$27,624.81. 9.93% of the stock is currently owned by corporate insiders. About Lightspeed Commerce (Get Free ReportLightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accepts payments, and grow their business. The company sells its platform through a direct sales force in the United States, Canada, Netherlands, Australia, and other countries.Read MoreFive stocks we like better than Lightspeed CommerceMastering Discipline: Overcoming Emotional Challenges In TradingPlay It Cool: Why Comfort Systems USA Is a Hidden AI WinnerWhat is a Microcap Stock? Everything You Need to Know Rocket Lab Reports Next Week: Here’s What Investors Should KnowManufacturing Stocks InvestingApple Stock: Big Earnings, Small Move—Time to Buy?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Lightspeed Commerce Right Now?Before you consider Lightspeed Commerce, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lightspeed Commerce wasn't on the list.While Lightspeed Commerce currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here