Truist Financial Sticks to Their Hold Rating for Lightspeed POS Inc (LSPD)
In a report released yesterday, Matthew Coad from Truist Financial maintained a Hold rating on Lightspeed POS Inc. The company’s shares closed yesterday at C$12.59.
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According to TipRanks, Coad is an analyst with an average return of -7.9% and a 35.14% success rate. Coad covers the Technology sector, focusing on stocks such as Block, Fidelity National Info, and Bill.com Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Lightspeed POS Inc with a C$16.73 average price target, implying a 32.88% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Hold rating on the stock with a $12.00 price target.
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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