Lightspeed Commerce (TSE:LSPD) Stock Price Up 0.9% - Still a Buy?

Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) shares were up 0.9% on Wednesday . The company traded as high as C$15.18 and last traded at C$15.16. Approximately 578,432 shares were traded during trading, a decline of 17% from the average daily volume of 695,587 shares. The stock had previously closed at C$15.02.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LSPD shares. ATB Capital downgraded shares of Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from C$26.00 to C$17.00 in a report on Thursday, March 27th. 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. Scotiabank lowered their target price on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. 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. Finally, JPMorgan Chase & Co. downgraded shares of Lightspeed Commerce from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from C$14.00 to C$13.00 in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given 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.

Lightspeed Commerce Stock Performance

The stock has a market capitalization of C$1.65 billion, a price-to-earnings ratio of -13.46 and a beta of 2.69. The company's fifty day simple moving average is C$13.59 and its 200 day simple moving average is C$18.84. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83.

Insider Buying and Selling at Lightspeed Commerce

In other Lightspeed Commerce news, Senior Officer Daniel Robert Micak sold 3,995 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total value of C$78,022.35. Also, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$15.72, for a total transaction of C$353,527.08. 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.