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

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

Analyst Ratings Changes

LSPD has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price target on Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Stifel Nicolaus reduced their price target on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. Scotiabank dropped their price objective on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Raymond James dropped their price objective on Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Finally, CIBC dropped their price objective on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.31.

Lightspeed Commerce Stock Down 3.9 %

The firm has a 50 day moving average price of C$18.68 and a two-hundred day moving average price of C$20.87. 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 capitalization of C$1.59 billion, a price-to-earnings ratio of -13.00 and a beta of 2.69.

Insider Activity

In other news, Senior Officer Daniel Robert Micak sold 3,995 shares of the stock in a transaction dated Tuesday, February 18th. The shares were 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 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. 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.