Lightspeed Commerce (TSE:LSPD) Sets New 52-Week Low – Here’s What Happened

Shares of Lightspeed Commerce Inc. (TSE:LSPD) hit a new 52-week low during trading on Friday . The stock traded as low as C$15.92 and last traded at C$15.95, with a volume of 349611 shares traded. The stock had previously closed at C$16.29.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LSPD shares. National Bankshares decreased their price target on shares of 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. Stifel Nicolaus lowered their price target on 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 cut their price objective on 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. BMO Capital Markets dropped their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, Scotiabank cut their price target on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Lightspeed Commerce has an average rating of “Moderate Buy” and an average price target of C$20.31.

Lightspeed Commerce Stock Up 0.6 %

The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average of C$20.20 and a 200 day moving average of C$21.00. The stock has a market capitalization of C$1.78 billion, a price-to-earnings ratio of -14.56 and a beta of 2.69.

Insiders Place Their Bets

In other Lightspeed Commerce news, Senior Officer Daniel Robert Micak sold 3,995 shares of Lightspeed Commerce stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 company insiders.

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.