Lightspeed Commerce (TSE:LSPD) Cut to Sector Perform at ATB Capital

ATB Capital downgraded shares of Lightspeed Commerce (TSE:LSPD) from an outperform rating to a sector perform rating in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has C$17.00 price objective on the stock, down from their previous price objective of C$26.00.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus lowered their target price on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Friday, February 7th. National Bankshares lowered their price objective 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. Cormark cut their target price on shares of Lightspeed Commerce from C$24.00 to C$21.00 and set a “buy” rating on the stock in a research report on Thursday. Scotiabank decreased their price target on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, Raymond James dropped their price target on shares of Lightspeed Commerce from C$29.00 to C$25.00 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$18.89.

Lightspeed Commerce Stock Down 2.9 %

Shares of TSE:LSPD opened at C$13.01 on Thursday. Lightspeed Commerce has a 52-week low of C$12.87 and a 52-week high of C$26.60. The company has a market capitalization of C$1.41 billion, a PE ratio of -11.56 and a beta of 2.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10. The company has a fifty day moving average of C$17.95 and a 200-day moving average of C$20.74.

Insider Transactions at Lightspeed Commerce

In other news, Senior Officer Daniel Robert Micak sold 3,995 shares of Lightspeed Commerce stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total value of C$78,022.35. Also, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$15.72, for a total value of C$353,527.08. Corporate insiders own 9.93% 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.