Lightspeed Commerce (NYSE:LSPD) Shares Down 5.1% - Time to Sell?

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report) shares fell 5.1% during trading on Monday . The company traded as low as $13.47 and last traded at $13.70. 145,803 shares were traded during trading, a decline of 63% from the average session volume of 391,335 shares. The stock had previously closed at $14.43.

Analysts Set New Price Targets

Several equities analysts have recently commented on LSPD shares. Piper Sandler raised their price target on Lightspeed Commerce from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. Benchmark boosted their price target on Lightspeed Commerce from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on shares of Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Wells Fargo & Company reduced their price target on Lightspeed Commerce from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. Finally, Barclays cut shares of Lightspeed Commerce from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $20.00 to $18.00 in a research note on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Lightspeed Commerce has an average rating of "Hold" and a consensus price target of $19.50.

Lightspeed Commerce Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -14.10 and a beta of 2.43. The stock has a 50 day moving average price of $15.65 and a 200-day moving average price of $15.00.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. On average, analysts forecast that Lightspeed Commerce Inc. will post -0.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Lightspeed Commerce in the fourth quarter valued at approximately $579,000. Alberta Investment Management Corp increased its stake in shares of Lightspeed Commerce by 45.5% in the 4th quarter. Alberta Investment Management Corp now owns 150,300 shares of the company's stock worth $2,291,000 after acquiring an additional 47,000 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Lightspeed Commerce by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 172,182 shares of the company's stock worth $2,620,000 after acquiring an additional 679 shares during the period. Blue Trust Inc. boosted its position in shares of Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock valued at $25,000 after acquiring an additional 1,025 shares during the last quarter. Finally, Addenda Capital Inc. grew its holdings in shares of Lightspeed Commerce by 2.0% in the fourth quarter. Addenda Capital Inc. now owns 46,609 shares of the company's stock valued at $710,000 after purchasing an additional 931 shares during the period. 68.68% of the stock is owned by hedge funds and other institutional investors.

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.