Bank of America Securities Sticks to Their Buy Rating for Lightspeed POS Inc (LSPD)
Bank of America Securities analyst Koji Ikeda reiterated a Buy rating on Lightspeed POS Inc yesterday and set a price target of $17.00.
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Ikeda covers the Technology sector, focusing on stocks such as Autodesk, JFrog, and Elastic. According to TipRanks, Ikeda has an average return of 11.4% and a 56.35% success rate on recommended stocks.
In addition to Bank of America Securities, Lightspeed POS Inc also received a Buy from CIBC’s Todd Coupland in a report issued on November 7. However, on the same day, TD Securities 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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