Lightspeed Commerce (TSE:LSPD) Sets New 1-Year Low - Should You Sell?

Shares of Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) reached 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 traded. The stock had previously closed at C$13.01.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LSPD. ATB Capital lowered shares of Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from C$26.00 to C$17.00 in a research note on Thursday, March 27th. Stifel Nicolaus dropped their target price on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a "hold" rating for the company in a research report on Friday, February 7th. Raymond James reduced their price target on shares of Lightspeed Commerce from C$29.00 to C$25.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. Scotiabank lowered their price objective on Lightspeed Commerce from C$21.00 to C$19.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Finally, TD Securities dropped their price objective on shares of Lightspeed Commerce from C$19.00 to C$13.00 and set a "hold" rating on the stock in a research note on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Lightspeed Commerce presently has an average rating of "Moderate Buy" and an average price target of C$18.89.

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Lightspeed Commerce Trading Down 3.3 %

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 firm has a market capitalization of C$1.22 billion, a P/E ratio of -9.93 and a beta of 2.69. The firm has a 50 day moving average price of C$17.25 and a two-hundred day moving average price of C$20.59.

Insider Activity at Lightspeed Commerce

In other Lightspeed Commerce news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of Lightspeed Commerce stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$15.72, for a total transaction of C$353,527.08. Also, Senior Officer Daniel Robert Micak sold 3,995 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total value of C$78,022.35. 9.93% of the stock is currently 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.