Lightspeed Commerce Inc. (TSE:LSPD) Senior Officer Asha Hotchandani (Bakshani) Sells 22,489 Shares

Lightspeed Commerce Inc. (TSE:LSPD) 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 transaction of C$353,527.08.

Lightspeed Commerce Trading Down 1.6 %

Shares of TSE:LSPD traded down C$0.26 during mid-day trading on Tuesday, hitting C$15.51. The stock had a trading volume of 632,566 shares, compared to its average volume of 708,730. 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 market cap of C$1.69 billion, a PE ratio of -13.78 and a beta of 2.69. Lightspeed Commerce Inc. has a 12-month low of C$15.27 and a 12-month high of C$26.60. The company’s 50 day moving average is C$19.95 and its 200-day moving average is C$21.01.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Raymond James reduced their target price on shares of Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. BMO Capital Markets cut their target price on shares of 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. Stifel Nicolaus cut their target price on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. CIBC cut their target price on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, National Bankshares lowered their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company 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.