ATB Capital Downgrades Lightspeed Commerce (TSE:LSPD) to Sector Perform

Lightspeed Commerce (TSE:LSPD) was downgraded by analysts at ATB Capital from an “outperform” rating to a “sector perform” rating in a research report issued on Thursday,BayStreet.CA reports. They currently have a C$17.00 target price on the stock, down from their previous target price of C$26.00. ATB Capital’s target price suggests a potential upside of 30.67% from the stock’s current price.

A number of other research firms have also recently commented on LSPD. CIBC reduced 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 research report on Friday, February 7th. Cormark decreased their price objective on shares of Lightspeed Commerce from C$24.00 to C$21.00 and set a “buy” rating for the company in a research report on Thursday. Scotiabank cut their price target on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Stifel Nicolaus dropped their price objective 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, National Bankshares decreased their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.89.

Lightspeed Commerce Stock Performance

Shares of TSE:LSPD opened at C$13.01 on Thursday. The company has a market cap of C$1.41 billion, a P/E ratio of -11.56 and a beta of 2.69. Lightspeed Commerce has a one year low of C$12.87 and a one year high of C$26.60. The business’s 50-day simple moving average is C$17.95 and its 200 day simple moving average is C$20.71. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10.

Insider Buying and Selling

In related news, Senior Officer Daniel Robert Micak sold 3,995 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total transaction of C$78,022.35. Also, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of Lightspeed Commerce 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. 9.93% of the stock is owned by company insiders.

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.