Lightspeed Commerce (TSE:LSPD) Downgraded to “Sector Perform” Rating by ATB Capital

ATB Capital downgraded shares of Lightspeed Commerce (TSE:LSPD) from an outperform rating to a sector perform rating in a research note published 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 research analysts have also recently issued reports on the company. Stifel Nicolaus reduced 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. Cormark reduced their price target on Lightspeed Commerce from C$24.00 to C$21.00 and set a “buy” rating on the stock in a research report on Thursday. Raymond James lowered their price objective on Lightspeed Commerce from C$29.00 to C$25.00 and set an “outperform” rating for the company in a research report on Tuesday. CIBC cut their target price on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, National Bankshares decreased 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 note on Friday, February 7th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lightspeed Commerce currently has a consensus rating of “Moderate Buy” and an average price target of C$18.89.

Lightspeed Commerce Stock Down 5.5 %

Shares of TSE:LSPD opened at C$13.40 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10. The firm has a market capitalization of C$1.46 billion, a PE ratio of -11.91 and a beta of 2.69. The firm has a fifty day moving average of C$18.11 and a 200 day moving average of C$20.74. Lightspeed Commerce has a 52-week low of C$13.23 and a 52-week high of C$26.60.

Insider Activity

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the company’s stock in a transaction on Monday, March 10th. The stock was 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 stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total value of C$78,022.35. Corporate insiders own 9.93% of the company’s stock.

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.