Lightspeed Commerce (TSE:LSPD – Free Report) had its price target reduced by CIBC from C$27.00 to C$25.00 in a report released on Friday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.
LSPD has been the topic of several other research reports. JPMorgan Chase & Co. upgraded Lightspeed Commerce from an underperform rating to a neutral rating and set a C$19.00 price target on the stock in a research note on Monday, December 18th. National Bankshares upped their price objective on Lightspeed Commerce from C$20.00 to C$25.00 and gave the stock an outperform rating in a research report on Friday, January 26th. ATB Capital dropped their price target on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an outperform rating on the stock in a research report on Friday. Raymond James dropped their price objective on Lightspeed Commerce from C$43.00 to C$35.00 and set an outperform rating on the stock in a report on Friday. Finally, Stifel Nicolaus reduced their price target on shares of Lightspeed Commerce from C$20.00 to C$17.00 and set a hold rating for the company in a research report on Monday, October 30th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$24.75.
Lightspeed Commerce Trading Down 1.7 %
Insiders Place Their Bets
In other Lightspeed Commerce news, Senior Officer Ryan Tabone sold 1,436 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of C$18.73, for a total transaction of C$26,896.28. In related news, Senior Officer Ryan Tabone sold 1,436 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of C$18.73, for a total transaction of C$26,896.28. Also, Senior Officer Kady Srinivasan sold 1,558 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of C$16.83, for a total transaction of C$26,221.14. In the last three months, insiders sold 24,790 shares of company stock valued at $554,365. Company insiders own 9.80% 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.
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