Lightspeed Commerce (TSE:LSPD) Hits New 52-Week Low – What’s Next?

Lightspeed Commerce Inc. (TSE:LSPD) shares hit a new 52-week low on Monday . The company traded as low as C$12.54 and last traded at C$12.82, with a volume of 88033 shares trading hands. The stock had previously closed at C$13.01.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. National Bankshares dropped their price objective on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Cormark cut their price target on 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. BMO Capital Markets reduced 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 note on Friday, February 7th. TD Securities lowered their target price on shares of Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating on the stock in a research report on Friday, February 7th. Finally, CIBC reduced their price target on shares of 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$18.89.

Lightspeed Commerce Trading Up 1.4 %

The stock has a market capitalization of C$1.39 billion, a PE ratio of -11.35 and a beta of 2.69. 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 business’s 50-day moving average is C$17.61 and its two-hundred day moving average is C$20.70.

Insider Transactions at Lightspeed Commerce

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the stock in a transaction dated 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 firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total transaction of C$78,022.35. Company insiders own 9.93% of the company’s stock.

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.