Lightspeed Commerce (TSE:LSPD) Sets New 52-Week Low at $16.04

Lightspeed Commerce Inc. (TSE:LSPD) shares reached a new 52-week low on Tuesday . The company traded as low as C$16.04 and last traded at C$17.02, with a volume of 486005 shares trading hands. The stock had previously closed at C$16.56.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LSPD shares. Cormark increased their price target on Lightspeed Commerce from C$26.00 to C$26.50 in a research note on Friday, May 17th. CIBC upgraded shares of Lightspeed Commerce from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$26.00 to C$33.00 in a research report on Friday, May 24th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lightspeed Commerce presently has a consensus rating of “Moderate Buy” and an average target price of C$26.50.

Lightspeed Commerce Stock Up 5.3 %

The business has a 50-day moving average price of C$18.86 and a 200 day moving average price of C$19.39. The stock has a market capitalization of C$2.66 billion, a P/E ratio of -11.88 and a beta of 2.67. The company has a current ratio of 6.34, a quick ratio of 6.05 and a debt-to-equity ratio of 0.96.

Insiders Place Their Bets

In other Lightspeed Commerce news, Senior Officer Asha Hotchandani (Bakshani) sold 21,153 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$20.24, for a total transaction of C$428,149.41. In other news, Senior Officer Ana Wight sold 1,912 shares of Lightspeed Commerce stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of C$20.54, for a total transaction of C$39,272.48. Also, Senior Officer Asha Hotchandani (Bakshani) sold 21,153 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$20.24, for a total transaction of C$428,149.41. Corporate insiders own 9.81% 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.