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Lightspeed POS Inc (LSPD) Receives a Buy from CIBC

Tipranks - Sat May 2, 7:08AM CDT

In a report released yesterday, Todd Coupland from CIBC maintained a Buy rating on Lightspeed POS Inc, with a price target of C$30.00. The company’s shares closed yesterday at C$12.59.

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According to TipRanks, Coupland is a 4-star analyst with an average return of 8.9% and a 45.25% success rate. Coupland covers the Technology sector, focusing on stocks such as Shopify, Datadog, and Celestica.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lightspeed POS Inc with a C$17.74 average 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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