Lightspeed Commerce (TSE:LSPD) Shares Down 1.9% - What's Next?

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) shares fell 1.9% on Tuesday . The company traded as low as C$16.69 and last traded at C$16.73. 245,726 shares traded 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.

Analysts Set New Price Targets

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

Lightspeed Commerce Stock Down 1.9%

The company has a market cap of C$1.82 billion, a PE ratio of -14.87 and a beta of 2.69. The stock's 50 day moving average price is C$16.55 and its 200-day moving average price is C$15.69. 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 Activity

In other Lightspeed Commerce news, Director Dale Murray acquired 1,886 shares of the business's stock in a transaction dated Friday, May 30th. The stock was bought at an average price of C$14.65 per share, with a total value of C$27,624.81. Company 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.

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