Lightspeed Commerce (NYSE:LSPD) Stock Price Down 5.1% – Should You Sell?

Lightspeed Commerce Inc. (NYSE:LSPD) shares fell 5.1% during mid-day trading on Monday . The stock traded as low as $13.47 and last traded at $13.70. 145,803 shares changed hands during trading, a decline of 63% from the average session volume of 391,335 shares. The stock had previously closed at $14.43.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. TD Securities increased their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Wells Fargo & Company cut their price target on Lightspeed Commerce from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada upgraded Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a report on Friday, November 8th. Piper Sandler increased their price objective on Lightspeed Commerce from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, Barclays downgraded shares of Lightspeed Commerce from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $20.00 to $18.00 in a research note on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.50.

Lightspeed Commerce Stock Down 0.1 %

The firm’s fifty day simple moving average is $15.74 and its 200 day simple moving average is $15.01. The company has a current ratio of 6.08, a quick ratio of 5.94 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -16.23 and a beta of 2.43.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $277.18 million for the quarter, compared to analyst estimates of $273.90 million. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. Sell-side analysts predict that Lightspeed Commerce Inc. will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its position in Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after purchasing an additional 1,025 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Lightspeed Commerce during the third quarter worth about $225,000. Toronto Dominion Bank grew its stake in shares of Lightspeed Commerce by 153.4% in the 3rd quarter. Toronto Dominion Bank now owns 17,408 shares of the company’s stock valued at $287,000 after purchasing an additional 10,538 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in Lightspeed Commerce in the 3rd quarter valued at $412,000. Finally, Algert Global LLC acquired a new position in shares of Lightspeed Commerce during the third quarter worth about $448,000. 68.68% of the stock is owned by institutional investors and hedge funds.

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.