Lightspeed Commerce (TSE:LSPD) Sets New 52-Week Low – Should You Sell?

Lightspeed Commerce Inc. (TSE:LSPD)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$14.37 and last traded at C$14.45, with a volume of 246337 shares. The stock had previously closed at C$15.22.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. BMO Capital Markets decreased their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Raymond James dropped their target price on shares of Lightspeed Commerce from C$29.00 to C$25.00 and set an “outperform” rating for the company in a report on Tuesday. Scotiabank decreased their price target on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, National Bankshares dropped their price objective 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Lightspeed Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.81.

Lightspeed Commerce Price Performance

The firm has a market cap of C$1.57 billion, a P/E ratio of -12.82 and a beta of 2.69. The firm’s fifty day simple moving average is C$18.41 and its 200 day simple moving average is C$20.84. 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 Activity at Lightspeed Commerce

In related news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the business’s stock in a transaction 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. Also, Senior Officer Daniel Robert Micak sold 3,995 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total transaction of C$78,022.35. 9.93% of the stock is owned by corporate insiders.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.