Lightspeed Commerce Inc. (TSE:LSPD) Senior Officer Daniel Robert Micak Sells 3,995 Shares of Stock

Lightspeed Commerce Inc. (TSE:LSPD) Senior Officer Daniel Robert Micak sold 3,995 shares of the 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.

Lightspeed Commerce Trading Down 0.4 %

LSPD opened at C$19.39 on Thursday. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. Lightspeed Commerce Inc. has a 52 week low of C$16.04 and a 52 week high of C$26.60. The stock has a market cap of C$2.11 billion, a PE ratio of -17.23 and a beta of 2.69. The business has a 50 day moving average of C$21.28 and a 200-day moving average of C$20.98.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Raymond James lowered their price objective on shares of Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. CIBC dropped 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. BMO Capital Markets reduced their target price on Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Scotiabank decreased their target price on 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. Finally, Stifel Nicolaus cut their price target on shares of 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.