Lightspeed Commerce (TSE:LSPD) Hits New 12-Month Low – Time to Sell?

Lightspeed Commerce Inc. (TSE:LSPD)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as C$14.89 and last traded at C$15.04, with a volume of 183741 shares. The stock had previously closed at C$15.46.

Analyst Ratings Changes

Several research firms recently commented on LSPD. National Bankshares reduced their target price on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. TD Securities dropped their price target on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating for the company in a research note on Friday, February 7th. Scotiabank dropped their price target on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. CIBC dropped their price target on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Finally, Raymond James dropped their price target on Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$20.31.

Lightspeed Commerce Stock Performance

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 business has a 50 day moving average price of C$19.54 and a two-hundred day moving average price of C$20.91. The company has a market cap of C$1.68 billion, a P/E ratio of -13.76 and a beta of 2.69.

Insider Activity

In other Lightspeed Commerce news, Senior Officer Daniel Robert Micak sold 3,995 shares of the company’s 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. Also, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the company’s 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 value of C$353,527.08. 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.