Lightspeed Commerce (TSE:LSPD) Stock Price Up 1.2% - Here's Why

Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) shares traded up 1.2% on Thursday . The stock traded as high as C$16.05 and last traded at C$16.03. 382,351 shares changed hands during trading, a decline of 42% from the average session volume of 663,969 shares. The stock had previously closed at C$15.84.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Raymond James Financial dropped their price objective on shares of Lightspeed Commerce from C$29.00 to C$25.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. ATB Capital lowered shares of Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$26.00 to C$17.00 in a research note on Thursday, March 27th. Cormark dropped their price target on shares of Lightspeed Commerce from C$24.00 to C$21.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. lowered shares of Lightspeed Commerce from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from C$14.00 to C$13.00 in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Lightspeed Commerce has a consensus rating of "Hold" and a consensus target price of C$18.30.

Lightspeed Commerce Stock Up 0.2%

The stock has a market capitalization of C$1.73 billion, a P/E ratio of -14.13 and a beta of 2.69. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05. The stock's fifty day moving average is C$15.00 and its two-hundred day moving average is C$16.65.

Insiders Place Their Bets

In other Lightspeed Commerce news, Director Dale Murray bought 1,886 shares of Lightspeed Commerce stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average cost of C$14.65 per share, for a total transaction of C$27,624.81. 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.