Lightspeed Commerce (TSE:LSPD) Stock Price Up 1.3% - Still a Buy?

Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report)'s stock price traded up 1.3% on Monday . The company traded as high as C$16.02 and last traded at C$15.96. 373,080 shares were traded during mid-day trading, a decline of 46% from the average session volume of 687,032 shares. The stock had previously closed at C$15.75.

Analyst Ratings Changes

Several research firms recently commented on LSPD. ATB Capital lowered shares of Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from C$26.00 to C$17.00 in a research note on Thursday, March 27th. JPMorgan Chase & Co. lowered Lightspeed Commerce from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from C$14.00 to C$13.00 in a research report on Monday, April 14th. Cormark dropped their target price on 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. Finally, Raymond James cut their target price on 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$18.30.

Lightspeed Commerce Price Performance

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 market capitalization of C$1.61 billion, a P/E ratio of -13.19 and a beta of 2.69. The firm has a fifty day moving average of C$14.09 and a 200 day moving average of C$17.75.

Insider Activity

In other Lightspeed Commerce news, Director Dale Murray purchased 1,886 shares of the firm's stock in a transaction on Friday, May 30th. The shares were acquired at an average cost of C$14.65 per share, for a total transaction of C$27,624.81. 9.93% of the stock is owned by corporate insiders.

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.