Shares of Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as C$15.92 and last traded at C$15.95, with a volume of 349611 shares. The stock had previously closed at C$16.29.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. TD Securities reduced 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 report on Friday, February 7th. Stifel Nicolaus reduced their price target on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a "hold" rating on the stock in a research report on Friday, February 7th. CIBC lowered their price objective on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Raymond James dropped their target price on shares of Lightspeed Commerce from C$36.00 to C$29.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Finally, National Bankshares dropped their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Lightspeed Commerce presently has a consensus rating of "Moderate Buy" and an average price target of C$20.31.
Read Our Latest Report on Lightspeed Commerce
Lightspeed Commerce Stock Performance
The business's 50 day simple moving average is C$19.95 and its two-hundred day simple moving average is C$21.01. The firm has a market capitalization of C$1.68 billion, a P/E ratio of -13.69 and a beta of 2.69. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83.
Insider Activity at Lightspeed Commerce
In related news, Senior Officer Daniel Robert Micak sold 3,995 shares of the stock in a transaction that occurred 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 currently owned by insiders.
About Lightspeed Commerce
(
Get Free Report)
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.
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