Lightspeed Commerce Inc. (TSE:LSPD) Senior Officer Sells C$78,022.35 in Stock

Lightspeed Commerce Inc. (TSE:LSPD) Senior Officer Daniel Robert Micak sold 3,995 shares of Lightspeed Commerce stock in a transaction 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.

Lightspeed Commerce Stock Performance

Shares of TSE:LSPD opened at C$18.71 on Friday. The business’s 50-day simple moving average is C$21.10 and its 200 day simple moving average is C$20.98. The company has a market cap of C$2.03 billion, a P/E ratio of -16.63 and a beta of 2.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10. Lightspeed Commerce Inc. has a one year low of C$16.04 and a one year high of C$26.60.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LSPD. Stifel Nicolaus reduced their target price on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Friday, February 7th. CIBC reduced their price objective on 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. TD Securities decreased their target price on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating for the company in a report on Friday, February 7th. 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 on the stock in a report on Friday, February 7th. Finally, Scotiabank reduced 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Lightspeed Commerce currently has a consensus rating of “Moderate Buy” and an average target price 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.