Lightspeed Commerce Inc. (TSE:LSPD) Senior Officer Sells C$78,022.35 in Stock

Lightspeed Commerce Inc. (TSE:LSPD) Senior Officer Daniel Robert Micak sold 3,995 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total value of C$78,022.35.

Lightspeed Commerce Trading Down 1.6 %

TSE LSPD opened at C$18.71 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10. Lightspeed Commerce Inc. has a one year low of C$16.04 and a one year high of C$26.60. The company has a 50-day simple moving average of C$21.10 and a 200-day simple moving average of C$20.98. The firm has a market capitalization of C$2.03 billion, a PE ratio of -16.63 and a beta of 2.69.

Analyst Upgrades and Downgrades

LSPD has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price target on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. CIBC reduced their price objective on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Stifel Nicolaus dropped their target price on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Friday, February 7th. Raymond James reduced their price target on shares of Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Finally, National Bankshares decreased their price target on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Lightspeed Commerce has an average rating of “Moderate Buy” and an average price target of C$20.31.

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.