Lightspeed Commerce (TSE:LSPD) Hits New 52-Week Low – Time to Sell?

Lightspeed Commerce Inc. (TSE:LSPD) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$14.37 and last traded at C$14.45, with a volume of 246337 shares traded. The stock had previously closed at C$15.22.

Analyst Ratings Changes

A number of brokerages have issued reports on LSPD. Stifel Nicolaus cut their target price on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Friday, February 7th. BMO Capital Markets cut their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Scotiabank cut their target price 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. National Bankshares dropped 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 research note on Friday, February 7th. Finally, Raymond James dropped their price target on shares of Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$20.31.

Lightspeed Commerce Stock Down 3.9 %

The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. The company has a market cap of C$1.59 billion, a price-to-earnings ratio of -13.00 and a beta of 2.69. The firm’s 50 day simple moving average is C$18.68 and its 200 day simple moving average is C$20.87.

Insider Activity at Lightspeed Commerce

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 shares were sold at an average price of C$19.53, for a total value of C$78,022.35. Also, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of Lightspeed Commerce stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$15.72, for a total transaction of C$353,527.08. Company insiders own 9.93% of the company’s stock.

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.