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

ATB Capital cut shares of Lightspeed Commerce (TSE:LSPD - Free Report) from an outperform rating to a sector perform rating in a research report sent to investors on Thursday,BayStreet.CA reports. ATB Capital currently has C$17.00 price target on the stock, down from their previous price target of C$26.00.

A number of other equities research analysts also recently issued reports on LSPD. National Bankshares cut 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. TD Securities cut their price objective on Lightspeed Commerce from C$19.00 to C$13.00 and set a "hold" rating for the company in a research note on Friday, February 7th. 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 on the stock in a report on Friday, February 7th. Scotiabank decreased their price objective on shares of 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. Finally, Stifel Nicolaus lowered 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 report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$18.89.

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Lightspeed Commerce Stock Performance

LSPD stock traded down C$0.42 during trading on Thursday, reaching C$12.59. The stock had a trading volume of 717,750 shares, compared to its average volume of 710,680. The stock's 50 day moving average is C$17.95 and its two-hundred day moving average is C$20.77. The firm has a market cap of C$1.37 billion, a PE ratio of -11.19 and a beta of 2.69. Lightspeed Commerce has a 52 week low of C$12.54 and a 52 week high of C$26.60. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83.

Insider Buying and Selling

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the firm'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. 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 stock was 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 corporate insiders.

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.