CIBC Sticks to Its Buy Rating for Lightspeed POS Inc (LSPD)
CIBC analyst Todd Coupland maintained a Buy rating on Lightspeed POS Inc today and set a price target of C$30.00.
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Coupland covers the Technology sector, focusing on stocks such as BlackBerry, Celestica, and Shopify. According to TipRanks, Coupland has an average return of 11.6% and a 46.67% success rate on recommended stocks.
In addition to CIBC, Lightspeed POS Inc also received a Buy from BTIG’s Andrew Harte in a report issued today. However, on the same day, Stifel Nicolaus reiterated a Hold rating on Lightspeed POS Inc (TSX: LSPD).
Based on Lightspeed POS Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$304.94 million and a GAAP net loss of C$49.57 million. In comparison, last year the company earned a revenue of C$266.09 million and had a GAAP net loss of C$35.01 million
Based on the recent corporate insider activity of 40 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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