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Morgan Stanley Reaffirms Their Hold Rating on Lightspeed POS Inc (LSPD)

Tipranks - Tipranks - Thu Apr 30, 6:20AM CDT

Morgan Stanley analyst Josh Baer maintained a Hold rating on Lightspeed POS Inc today and set a price target of $13.50.

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Baer covers the Technology sector, focusing on stocks such as Box, Lightspeed POS Inc, and CCC Intelligent Solutions Holdings. According to TipRanks, Baer has an average return of 5.4% and a 47.97% success rate on recommended stocks.

Currently, the analyst consensus on Lightspeed POS Inc is a Hold with an average price target of $12.13.

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Based on Lightspeed POS Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$317.15 million and a GAAP net loss of C$34.09 million. In comparison, last year the company earned a revenue of C$280.13 million and had a GAAP net loss of C$26.59 million

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LSPD in relation to earlier this year.

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