Asha Hotchandani (Bakshani) Sells 22,489 Shares of Lightspeed Commerce Inc. (TSE:LSPD) Stock

Lightspeed Commerce Inc. (TSE:LSPD) Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$15.72, for a total value of C$353,527.08.

Lightspeed Commerce Stock Down 4.3 %

LSPD stock opened at C$14.79 on Friday. Lightspeed Commerce Inc. has a fifty-two week low of C$14.73 and a fifty-two week high of C$26.60. The business’s 50-day moving average is C$19.70 and its two-hundred day moving average is C$20.96. 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 company has a market cap of C$1.61 billion, a price-to-earnings ratio of -13.14 and a beta of 2.69.

Analyst Ratings Changes

LSPD has been the topic of a number of research analyst reports. Raymond James lowered their price target on Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. CIBC lowered their price target on 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. National Bankshares lowered their price target on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Stifel Nicolaus lowered their price target 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. Finally, Scotiabank lowered their price target on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$20.31.

Lightspeed Commerce Company Profile

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.