Lightspeed Commerce (TSE:LSPD) Sets New 12-Month Low – Here’s What Happened

Lightspeed Commerce Inc. (TSE:LSPD) reached a new 52-week low during trading on Monday . The company traded as low as C$12.54 and last traded at C$12.82, with a volume of 88033 shares changing hands. The stock had previously closed at C$13.01.

Analyst Ratings Changes

A number of brokerages recently weighed in on LSPD. CIBC reduced their price target on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. National Bankshares cut their target price on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. TD Securities cut their price target on 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. ATB Capital cut Lightspeed Commerce from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$26.00 to C$17.00 in a research note on Thursday. Finally, Raymond James lowered their target price 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$18.89.

Lightspeed Commerce Stock Performance

The company has a market cap of C$1.37 billion, a PE ratio of -11.23 and a beta of 2.69. 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 stock’s 50-day simple moving average is C$17.95 and its 200 day simple moving average is C$20.77.

Insider Transactions at Lightspeed Commerce

In other Lightspeed Commerce news, Senior Officer Daniel Robert Micak sold 3,995 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was 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 the company’s stock in a transaction dated 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.

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.