Lightspeed Commerce (TSE:LSPD) Shares Down 1.9% - Should You Sell?

Key Points

• Lightspeed Commerce shares fell by 1.9% on Tuesday, trading at C$16.73, with volume down 60% from the average.
• Analysts have increased their price targets for Lightspeed Commerce, with Raymond James raising it to C$23.00 and Cormark to C$25.00, while the consensus target price remains at C$18.60.
• Insider activity includes Director Dale Murray acquiring 1,886 shares at an average price of C$14.65, indicating confidence in the company's future.

Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) traded down 1.9% on Tuesday . The stock traded as low as C$16.69 and last traded at C$16.73. 245,726 shares changed hands during trading, a decline of 60% from the average session volume of 619,739 shares. The stock had previously closed at C$17.05.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Raymond James Financial raised their price target on Lightspeed Commerce from C$20.00 to C$23.00 and gave the company an "outperform" rating in a report on Friday, August 1st. ATB Capital raised their price target on Lightspeed Commerce from C$17.00 to C$18.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. Finally, Cormark raised their price objective on Lightspeed Commerce from C$20.00 to C$25.00 in a research note on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lightspeed Commerce currently has a consensus rating of "Hold" and an average target price of C$18.60.

Lightspeed Commerce Trading Up 3.9%

The stock has a market cap of C$1.84 billion, a P/E ratio of -15.04 and a beta of 2.69. 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 company has a 50-day moving average price of C$16.59 and a two-hundred day moving average price of C$15.59.

Insider Activity

In other Lightspeed Commerce news, Director Dale Murray purchased 1,886 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average cost of C$14.65 per share, with a total value of C$27,624.81. Corporate insiders own 9.93% of the company's stock.

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.