Lightspeed Commerce (TSE:LSPD) Hits New 1-Year Low – Time to Sell?

Shares of Lightspeed Commerce Inc. (TSE:LSPD) hit a new 52-week low on Monday . The stock 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 Upgrades and Downgrades

A number of brokerages recently issued reports on LSPD. National Bankshares dropped their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Scotiabank dropped their price target on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Raymond James reduced their price target 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. TD Securities decreased their price objective on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating on the stock in a report on Friday, February 7th. Finally, CIBC cut their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$18.89.

Lightspeed Commerce Trading Up 1.4 %

The company has a 50 day moving average of C$17.61 and a 200-day moving average of C$20.70. The stock has a market cap of C$1.39 billion, a price-to-earnings ratio of -11.35 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.

Insider Transactions at Lightspeed Commerce

In related news, Senior Officer Daniel Robert Micak sold 3,995 shares of the company’s 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 transaction of C$78,022.35. Also, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were 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.

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.