Insider Selling: Lightspeed Commerce Inc. (TSE:LSPD) Senior Officer Sells 855 Shares of Stock

Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) Senior Officer John Shapiro sold 855 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$14.60, for a total transaction of C$12,483.22.

Lightspeed Commerce Trading Down 2.4%

Shares of TSE LSPD traded down C$0.36 during mid-day trading on Friday, reaching C$14.38. The company had a trading volume of 722,364 shares, compared to its average volume of 689,403. The business's 50-day moving average is C$13.53 and its 200-day moving average is C$18.27. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83. The stock has a market cap of C$1.56 billion, a price-to-earnings ratio of -12.78 and a beta of 2.69. Lightspeed Commerce Inc. has a 52 week low of C$10.50 and a 52 week high of C$26.60.

Analyst Upgrades and Downgrades

LSPD has been the topic of a number of research reports. JPMorgan Chase & Co. downgraded shares of Lightspeed Commerce from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from C$14.00 to C$13.00 in a report on Monday, April 14th. Cormark lowered their target price on shares of Lightspeed Commerce from C$24.00 to C$21.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. TD Securities lowered their target price on shares of Lightspeed Commerce from C$19.00 to C$13.00 and set a "hold" rating on the stock in a report on Friday, February 7th. CIBC decreased their price target on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Finally, BMO Capital Markets decreased their price target on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of C$18.30.

About Lightspeed Commerce

Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accepts payments, and grow their business. The company sells its platform through a direct sales force in the United States, Canada, Netherlands, Australia, and other countries.