Lightspeed Commerce (NYSE:LSPD) Shares Down 5.1% - Should You Sell?

Lightspeed Commerce Inc. (NYSE:LSPD - Get Free Report)'s stock price was down 5.1% during mid-day trading on Monday . The stock traded as low as $13.47 and last traded at $13.70. Approximately 145,803 shares traded hands during trading, a decline of 63% from the average daily volume of 391,335 shares. The stock had previously closed at $14.43.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Scotiabank lowered their price target on Lightspeed Commerce from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a report on Friday. Barclays dropped their price objective on shares of Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Friday. Benchmark upped their price target on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Wells Fargo & Company reduced their price objective on Lightspeed Commerce from $16.00 to $13.00 and set an "equal weight" rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price target on Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Lightspeed Commerce presently has a consensus rating of "Hold" and an average price target of $18.39.

Lightspeed Commerce Stock Performance

The stock has a 50 day moving average price of $15.42 and a two-hundred day moving average price of $14.99. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -16.43 and a beta of 2.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced 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 positive return on equity of 0.60% and a negative net margin of 11.75%. On average, analysts predict that Lightspeed Commerce Inc. will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Lightspeed Commerce

Several hedge funds have recently added to or reduced their stakes in LSPD. Blue Trust Inc. raised its position in shares of Lightspeed Commerce by 214.4% in 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 period. Aigen Investment Management LP bought a new position in shares of Lightspeed Commerce during the third quarter worth $225,000. Toronto Dominion Bank grew its holdings in shares of Lightspeed Commerce by 153.4% in the 3rd quarter. Toronto Dominion Bank now owns 17,408 shares of the company's stock valued at $287,000 after buying an additional 10,538 shares during the period. Amundi increased its position in shares of Lightspeed Commerce by 20.5% in the 4th quarter. Amundi now owns 22,538 shares of the company's stock valued at $347,000 after buying an additional 3,838 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Lightspeed Commerce by 5.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company's stock worth $370,000 after acquiring an additional 1,276 shares in the last quarter. Institutional investors own 68.68% of the company's stock.

About Lightspeed Commerce

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.