BMO Capital Sticks to Its Buy Rating for Lightspeed POS Inc (LSPD)
BMO Capital analyst Thanos Moschopoulos maintained a Buy rating on Lightspeed POS Inc yesterday and set a price target of $16.00.
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According to TipRanks, Moschopoulos is a 5-star analyst with an average return of 21.6% and a 61.35% success rate. Moschopoulos covers the Technology sector, focusing on stocks such as Celestica, CGI, and Open Text.
In addition to BMO Capital, Lightspeed POS Inc also received a Buy from BTIG’s Andrew Harte in a report issued today. However, on the same day, Barclays maintained 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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