Morgan Stanley Reaffirms Their Hold Rating on Lightspeed POS Inc (LSPD)

Morgan Stanley analyst Josh Baer maintained a Hold rating on Lightspeed POS Inc today and set a price target of $13.50.

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Baer covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Lightspeed POS Inc, and Commerce.com. According to TipRanks, Baer has an average return of 4.7% and a 49.63% success rate on recommended stocks.

In addition to Morgan Stanley, Lightspeed POS Inc also received a Hold from ATB Capital Markets’s Martin Toner in a report issued today. However, on the same day, BTIG maintained a Buy rating on Lightspeed POS Inc (TSX: LSPD).

Based on Lightspeed POS Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$318.96 million and a GAAP net loss of C$32.7 million. In comparison, last year the company earned a revenue of C$277.18 million and had a GAAP net loss of C$29.66 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.