Lightspeed Commerce (TSE:LSPD) Trading Up 1.3% – Still a Buy?

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LSPD. JPMorgan Chase & Co. cut Lightspeed Commerce from a “neutral” rating to an “underperform” rating and cut their price objective for the company from C$14.00 to C$13.00 in a report on Monday, April 14th. ATB Capital downgraded shares of Lightspeed Commerce from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$26.00 to C$17.00 in a report on Thursday, March 27th. Cormark reduced 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 report on Thursday, March 27th. Finally, Raymond James decreased 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$18.30.

Lightspeed Commerce Stock Performance

The stock’s 50 day simple moving average is C$13.80 and its two-hundred day simple moving average is C$17.83. The company has a market capitalization of C$1.74 billion, a P/E ratio of -14.18 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.

Insider Activity at Lightspeed Commerce

In other news, Director Dale Murray acquired 1,886 shares of the company’s stock in a transaction on Friday, May 30th. The stock was purchased 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 currently owned by company 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.