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

Lightspeed Commerce (TSE:LSPD) was downgraded by research analysts at ATB Capital from an “outperform” rating to a “sector perform” rating in a research note issued on Thursday,BayStreet.CA reports. They presently have a C$17.00 price objective on the stock, down from their prior price objective of C$26.00. ATB Capital’s price target points to a potential upside of 30.67% from the company’s previous close.

Several other equities analysts have also recently issued reports on LSPD. CIBC reduced their price objective on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Cormark cut their price objective on Lightspeed Commerce from C$24.00 to C$21.00 and set a “buy” rating for the company in a research report on Thursday. National Bankshares reduced their target price on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. BMO Capital Markets dropped their price target on 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. Finally, Scotiabank reduced their price objective on 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$18.89.

Lightspeed Commerce Stock Down 2.9 %

LSPD opened at C$13.01 on Thursday. The business has a 50 day simple moving average of C$17.95 and a 200-day simple moving average of C$20.71. The stock has a market capitalization of C$1.41 billion, a P/E ratio of -11.56 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. Lightspeed Commerce has a 12 month low of C$12.87 and a 12 month high of C$26.60.

Insider Activity

In other news, Senior Officer Daniel Robert Micak sold 3,995 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total transaction 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. Company 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.