BTIG Sticks to Its Buy Rating for Lightspeed POS Inc (LSPD)
BTIG analyst Andrew Harte maintained a Buy rating on Lightspeed POS Inc today and set a price target of $12.00.
Claim 55% Off TipRanks
- Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis.
- Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter
According to TipRanks, Harte is an analyst with an average return of -1.4% and a 33.56% success rate. Harte covers the Technology sector, focusing on stocks such as Block, Exodus Movement, Inc. Class A, and Stoneco.
In addition to BTIG, Lightspeed POS Inc also received a Buy from BMO Capital’s Thanos Moschopoulos in a report issued on May 25. However, on May 28, Truist Financial assigned a Hold rating to 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.
Read More on TSE:LSPD:
Disclaimer & DisclosureReport an Issue
- Lightspeed price target lowered to $10 from $11 at Truist
- 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
