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

Lightspeed Commerce (TSE:LSPD) was downgraded by analysts at ATB Capital from an “outperform” rating to a “sector perform” rating in a research report issued to clients and 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 points to a potential upside of 27.72% from the stock’s previous close.

A number of other research firms also recently commented on LSPD. TD Securities dropped 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 research report on Friday, February 7th. Scotiabank cut their target price on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Stifel Nicolaus dropped their price objective on 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 decreased their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Finally, BMO Capital Markets cut their price target on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.89.

Lightspeed Commerce Stock Performance

Shares of LSPD traded down C$0.87 during trading hours on Thursday, reaching C$13.31. 538,421 shares of the company’s stock traded hands, compared to its average volume of 700,610. Lightspeed Commerce has a twelve month low of C$13.23 and a twelve month high of C$26.60. The business’s fifty day simple moving average is C$18.27 and its two-hundred day simple moving average is C$20.79. 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 firm has a market capitalization of C$1.45 billion, a price-to-earnings ratio of -11.83 and a beta of 2.69.

Insider Activity

In related news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the company’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 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. 9.93% of the stock is currently owned by company insiders.

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.