Lightspeed Commerce (TSE:LSPD) Rating Lowered to “Sector Perform” at ATB Capital

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

LSPD has been the subject of a number of other research reports. CIBC reduced their price target on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Stifel Nicolaus reduced 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 report on Friday, February 7th. TD Securities lowered their price target on shares of Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating on the stock in a report on Friday, February 7th. 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 report on Tuesday. Finally, Scotiabank decreased their price objective on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Lightspeed Commerce currently has an average rating of “Moderate Buy” and a consensus price target of C$18.89.

Lightspeed Commerce Trading Down 5.5 %

TSE:LSPD opened at C$13.40 on Thursday. Lightspeed Commerce has a one year low of C$13.23 and a one year high of C$26.60. The business has a fifty day moving average price of C$18.11 and a 200-day moving average price of C$20.74. The firm has a market capitalization of C$1.46 billion, a price-to-earnings ratio of -11.91 and a beta of 2.69. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05.

Insider Activity at Lightspeed Commerce

In related news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$15.72, for a total value of C$353,527.08. Also, Senior Officer Daniel Robert Micak sold 3,995 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total transaction of C$78,022.35. 9.93% of the stock is currently owned by corporate insiders.

About Lightspeed Commerce

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.