Lightspeed Commerce (TSE:LSPD) Trading 1.2% Higher - What's Next?

Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report)'s stock price shot up 1.2% during trading on Thursday . The company traded as high as C$16.05 and last traded at C$16.03. 382,351 shares traded hands during mid-day 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 research firms recently commented on LSPD. Cormark dropped their price objective on 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. JPMorgan Chase & Co. lowered Lightspeed Commerce from a "neutral" rating to an "underperform" rating and lowered their target price for the company from C$14.00 to C$13.00 in a research note on Monday, April 14th. Raymond James Financial cut their price target on Lightspeed Commerce from C$29.00 to C$25.00 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Finally, ATB Capital cut Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from C$26.00 to C$17.00 in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Lightspeed Commerce currently has a consensus rating of "Hold" and an average price target of C$18.30.

Lightspeed Commerce Trading Down 1.0%

The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10. The firm has a market cap of C$1.73 billion, a P/E ratio of -14.10 and a beta of 2.69. The firm has a 50 day simple moving average of C$14.93 and a 200 day simple moving average of C$16.83.

Insider Activity at Lightspeed Commerce

In other news, Director Dale Murray bought 1,886 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were acquired 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.

Lightspeed Commerce Company Profile

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.