Lightspeed Commerce (TSE:LSPD) Shares Down 1.3%

Lightspeed Commerce Inc. (TSE:LSPD) dropped 1.3% on Friday . The company traded as low as C$18.59 and last traded at C$18.59. Approximately 365,055 shares were traded during trading, a decline of 46% from the average daily volume of 674,484 shares. The stock had previously closed at C$18.84.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Cormark lifted their target price on shares of Lightspeed Commerce from C$26.00 to C$26.50 in a report on Friday, May 17th. CIBC raised Lightspeed Commerce from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$26.00 to C$33.00 in a research report on Friday, May 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Lightspeed Commerce has an average rating of “Moderate Buy” and an average price target of C$26.50.

Lightspeed Commerce Stock Down 1.3 %

The company has a market cap of C$2.85 billion, a P/E ratio of -12.73 and a beta of 2.67. The company’s 50-day moving average is C$19.35 and its two-hundred day moving average is C$20.67. The company has a debt-to-equity ratio of 0.96, a current ratio of 6.34 and a quick ratio of 6.05.

Insiders Place Their Bets

In other Lightspeed Commerce news, Senior Officer Asha Hotchandani (Bakshani) sold 21,153 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of C$20.24, for a total value of C$428,149.41. In other news, Senior Officer Ana Wight sold 1,912 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of C$20.54, for a total transaction of C$39,272.48. Also, Senior Officer Asha Hotchandani (Bakshani) sold 21,153 shares of Lightspeed Commerce stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$20.24, for a total value of C$428,149.41. Corporate insiders own 9.81% of the company’s stock.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.