Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$14.37 and last traded at C$14.45, with a volume of 246337 shares trading hands. The stock had previously closed at C$15.22.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. BMO Capital Markets lowered 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 research report on Friday, February 7th. CIBC dropped their target price 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. TD Securities reduced their price target on 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. Stifel Nicolaus decreased their price objective on Lightspeed Commerce from C$18.00 to C$15.00 and set a "hold" rating for the company in a research note on Friday, February 7th. Finally, Cormark cut their target price 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Lightspeed Commerce has a consensus rating of "Moderate Buy" and a consensus target price of C$18.89.
Check Out Our Latest Stock Report on Lightspeed Commerce
Lightspeed Commerce Stock Performance
The firm has a market capitalization of C$1.41 billion, a price-to-earnings ratio of -11.53 and a beta of 2.69. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. The stock's fifty day moving average is C$18.11 and its two-hundred day moving average is C$20.74.
Insider Activity
In related news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$15.72, for a total transaction of C$353,527.08. Also, Senior Officer Daniel Robert Micak sold 3,995 shares of the business's stock in a transaction that occurred 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. 9.93% of the stock is owned by insiders.
About Lightspeed Commerce
(
Get Free Report)
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.
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