Truist Financial Gives a Hold Rating to Lightspeed POS Inc (LSPD)
In a report released today, Matthew Coad from Truist Financial assigned a Hold rating to Lightspeed POS Inc, with a price target of $10.00.
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Coad covers the Technology sector, focusing on stocks such as Fidelity National Info, Block, and DLocal. According to TipRanks, Coad has an average return of -5.9% and a 39.76% success rate on recommended stocks.
In addition to Truist Financial, Lightspeed POS Inc also received a Hold from ATB Cormark Capital Markets’s Martin Toner in a report issued on May 22. However, on May 25, CIBC maintained a Buy 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 36 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.
Read More on TSE:LSPD:
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- Lightspeed price target lowered to C$25 from C$30 at CIBC
- Lightspeed price target lowered to $12 from $13 at BMO Capital
- John Shao Reiterates Hold on Lightspeed, Maintains $11 Price Target Amid Solid Fundamentals but Cautious Outlook
- Lightspeed price target lowered to $10 from $13 at RBC Capital
- Lightspeed price target lowered to $11.50 from $13.50 at Morgan Stanley
