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CIBC Sticks to Their Buy Rating for Lightspeed POS Inc (LSPD)

Tipranks - Tue May 26, 9:48AM CDT

In a report released today, Todd Coupland from CIBC maintained a Buy rating on Lightspeed POS Inc, with a price target of C$25.00.

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Coupland covers the Technology sector, focusing on stocks such as Celestica, Datadog, and Shopify. According to TipRanks, Coupland has an average return of 11.9% and a 45.86% success rate on recommended stocks.

In addition to CIBC, Lightspeed POS Inc also received a Buy from BMO Capital’s Thanos Moschopoulos in a report issued today. However, on May 22, ATB Cormark Capital Markets maintained a Hold rating on Lightspeed POS Inc (TSX: LSPD).

Based on Lightspeed POS Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$286.03 million and a GAAP net loss of C$28.1 million. In comparison, last year the company earned a revenue of C$253.42 million and had a GAAP net loss of C$575.94 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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