Lightspeed Commerce Inc. (TSE:LSPD) Senior Officer Michael Desimone Sells 996 Shares

Lightspeed Commerce Inc. (TSE:LSPD - Get Rating) Senior Officer Michael Desimone sold 996 shares of Lightspeed Commerce stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of C$17.83, for a total value of C$17,758.28. Following the transaction, the insider now directly owns 36,629 shares in the company, valued at approximately C$653,080.42.

Lightspeed Commerce Price Performance

Shares of Lightspeed Commerce stock traded down C$0.08 during trading on Tuesday, reaching C$18.31. The company's stock had a trading volume of 963,728 shares, compared to its average volume of 1,437,752. The company has a quick ratio of 6.05, a current ratio of 6.41 and a debt-to-equity ratio of 0.79. Lightspeed Commerce Inc. has a 12-month low of C$17.64 and a 12-month high of C$54.91. The company has a market capitalization of C$2.75 billion and a P/E ratio of -6.92. The business has a 50 day moving average price of C$21.72 and a 200-day moving average price of C$24.71.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays cut their price target on Lightspeed Commerce from C$27.00 to C$20.00 in a research report on Friday, November 4th. CIBC lowered their target price on Lightspeed Commerce from C$40.00 to C$34.00 and set an "outperform" rating on the stock in a research note on Friday, November 4th. Finally, ATB Capital lowered their target price on Lightspeed Commerce from C$70.00 to C$60.00 in a research note on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Lightspeed Commerce presently has an average rating of "Moderate Buy" and an average price target of C$45.07.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Australia, the Netherlands, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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