Lightspeed Commerce (TSE:LSPD) Shares Up 1.3% - Should You Buy?

Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report)'s share price traded up 1.3% on Monday . The stock traded as high as C$16.02 and last traded at C$15.96. 373,080 shares changed hands 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.

Wall Street Analysts Forecast Growth

LSPD has been the subject of several research reports. JPMorgan Chase & Co. downgraded shares of Lightspeed Commerce from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from C$14.00 to C$13.00 in a research report on Monday, April 14th. Raymond James lowered their target price on Lightspeed Commerce from C$29.00 to C$25.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. ATB Capital downgraded 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. Finally, Cormark reduced their price objective on Lightspeed Commerce from C$24.00 to C$21.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of C$18.30.

Lightspeed Commerce Stock Performance

The company's fifty day simple moving average is C$13.80 and its two-hundred day simple moving average is C$17.83. 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 stock has a market capitalization of C$1.80 billion, a P/E ratio of -14.72 and a beta of 2.69.

Insider Transactions at Lightspeed Commerce

In other Lightspeed Commerce news, Director Dale Murray purchased 1,886 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were acquired at an average cost of C$14.65 per share, with a total value 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.