Insider Selling: Lightspeed Commerce Inc. (TSE:LSPD) Senior Officer Sells 3,995 Shares of Stock

Lightspeed Commerce Inc. (TSE:LSPD) 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.

Lightspeed Commerce Stock Down 0.4 %

LSPD stock traded down C$0.08 during midday trading on Wednesday, reaching C$19.39. 905,534 shares of the company’s stock traded hands, compared to its average volume of 655,438. The company has a market cap of C$2.11 billion, a price-to-earnings ratio of -17.23 and a beta of 2.69. The firm’s fifty day moving average price is C$21.28 and its 200-day moving average price is C$20.98. 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.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LSPD shares. 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 dropped their price target 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. Raymond James dropped 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 research report on Friday, February 7th. National Bankshares dropped their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Finally, BMO Capital Markets dropped 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 report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$20.31.

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.