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Stifel Nicolaus Sticks to Their Hold Rating for Lightspeed POS Inc (LSPD)

Tipranks - Tipranks - Fri May 1, 1:16PM CDT

In a report released today, Suthan Sukumar from Stifel Nicolaus maintained a Hold rating on Lightspeed POS Inc, with a price target of $12.00.

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Sukumar covers the Technology sector, focusing on stocks such as D2L, TECSYS Inc. J, and Sylogist. According to TipRanks, Sukumar has an average return of -10.8% and a 34.23% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Lightspeed POS Inc with a $12.24 average price target.

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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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