Lightspeed Commerce (TSE:LSPD) Sets New 1-Year Low – Should You Sell?

Lightspeed Commerce Inc. (TSE:LSPD)’s share price hit a new 52-week low during mid-day 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 trading hands. The stock had previously closed at C$13.01.

Analysts Set New Price Targets

LSPD has been the subject of a number of research analyst reports. Raymond James reduced their target price on Lightspeed Commerce from C$29.00 to C$25.00 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. Stifel Nicolaus lowered their price target 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. National Bankshares dropped their target price 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 report on Friday, February 7th. BMO Capital Markets reduced their price objective on Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Finally, CIBC reduced their target price 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$18.89.

Lightspeed Commerce Stock Down 2.8 %

The stock has a market capitalization of C$1.37 billion, a price-to-earnings ratio of -11.23 and a beta of 2.69. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05. The business has a fifty day moving average of C$17.95 and a 200 day moving average of C$20.77.

Insider Activity

In related news, Senior Officer Daniel Robert Micak sold 3,995 shares of the stock in a transaction dated 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 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. Corporate 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.