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

Lightspeed Commerce (TSE:LSPD) was downgraded by stock analysts at ATB Capital from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Thursday,BayStreet.CA reports. They presently have a C$17.00 price target on the stock, down from their prior price target of C$26.00. ATB Capital’s price target would suggest a potential upside of 27.72% from the stock’s current price.

A number of other research firms have also issued reports on LSPD. CIBC reduced their price target on shares of 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. Scotiabank dropped their target price on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday, February 7th. TD Securities cut their price target on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating for the company in a report on Friday, February 7th. Cormark lowered their price objective on Lightspeed Commerce from C$24.00 to C$21.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus reduced their price target on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$18.89.

Lightspeed Commerce Stock Down 6.1 %

Lightspeed Commerce stock traded down C$0.87 during trading hours on Thursday, reaching C$13.31. The stock had a trading volume of 538,421 shares, compared to its average volume of 700,610. Lightspeed Commerce has a 52 week low of C$13.23 and a 52 week high of C$26.60. The company has a market cap of C$1.45 billion, a price-to-earnings ratio of -11.83 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. The business’s 50 day moving average price is C$18.27 and its 200-day moving average price is C$20.79.

Insider Activity

In other Lightspeed Commerce news, Senior Officer Daniel Robert Micak sold 3,995 shares of the company’s stock in a transaction that occurred on 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 Lightspeed Commerce stock in a transaction dated Monday, March 10th. The stock was 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.

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.