Lightspeed Commerce (TSE:LSPD) Shares Up 0.9% – Here’s What Happened

Lightspeed Commerce Inc. (TSE:LSPD)’s stock price shot up 0.9% on Wednesday . The company traded as high as C$15.18 and last traded at C$15.16. 578,432 shares were traded during mid-day trading, a decline of 17% from the average session volume of 695,587 shares. The stock had previously closed at C$15.02.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LSPD. National Bankshares lowered their target price on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Scotiabank lowered their target price on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered 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. BMO Capital Markets lowered their price objective on Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, CIBC lowered their price objective on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. 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, the company has a consensus rating of “Hold” and an average target price of C$18.30.

Lightspeed Commerce Price Performance

The company has a market capitalization of C$1.65 billion, a price-to-earnings ratio of -13.47 and a beta of 2.69. The company has a 50-day moving average price of C$13.62 and a 200-day moving average price of C$18.93. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10.

Insider Transactions at Lightspeed Commerce

In related news, Senior Officer Daniel Robert Micak sold 3,995 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total value of C$78,022.35. Also, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$15.72, for a total value of C$353,527.08. Corporate 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.