The stock of Lightspeed Commerce Inc (NYSE:LSPD) last traded at $12.60, down -13.10% from the previous session.
LSPD stock price is now -20.06% away from the 50-day moving average and -14.13% away from the 200-day moving average. The market capitalization of the company currently stands at $1.91B.
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With the price target reduced from $20 to $18, Barclays Downgraded its rating from Overweight to Equal Weight for Lightspeed Commerce Inc (NYSE: LSPD). On September 17, 2024, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $20, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Shapiro John R, Officer bought 1,817 shares of the company’s stock on Dec 09 ’24. The stock was bought for $31,495 at an average price of $17.33. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 09 ’24, Officer Srinivasan Kady bought 3,378 shares of the business’s stock. A total of $41,326 was incurred on buying the stock at an average price of $12.23. A total of 9.99% of the company’s stock is owned by insiders.
During the past 12 months, Lightspeed Commerce Inc has had a low of $11.01 and a high of $20.09. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 5.96, and a quick ratio of 5.83. The fifty day moving average price for LSPD is $15.8636 and a two-hundred day moving average price translates $14.67495 for the stock.
The latest earnings results from Lightspeed Commerce Inc (NYSE: LSPD) was released for 2024-09-30. The net profit margin was -13.56% and return on equity was -5.74% for LSPD. The company reported revenue of $277.18 million for the quarter, compared to $230.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.37 percent.
