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 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

LSPD traded down C$0.08 during trading on Wednesday, hitting C$19.39. 905,534 shares of the company traded hands, compared to its average volume of 655,438. The firm has a market cap of C$2.11 billion, a P/E ratio of -17.23 and a beta of 2.69. The stock’s fifty day moving average is C$21.28 and its 200 day moving average 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 one year low of C$16.04 and a one year high of C$26.60.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LSPD. Scotiabank reduced their target price on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. BMO Capital Markets reduced their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. National Bankshares reduced their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. CIBC reduced their target price on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Finally, Stifel Nicolaus reduced their target price on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lightspeed Commerce has an average rating of “Moderate Buy” and a consensus target price 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.