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

Lightspeed Commerce Inc. (TSE:LSPD) shares hit a new 52-week low on Friday . The company traded as low as C$15.92 and last traded at C$15.95, with a volume of 349611 shares changing hands. The stock had previously closed at C$16.29.

Wall Street Analysts Forecast Growth

LSPD has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Friday, February 7th. TD Securities lowered their price objective on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating for the company in a research 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 on the stock in a report on Friday, February 7th. Scotiabank decreased their target price on 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. Finally, BMO Capital Markets dropped their price target on shares of 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.31.

Lightspeed Commerce Stock Performance

The company has a market cap of C$1.78 billion, a PE ratio of -14.56 and a beta of 2.69. The stock has a 50 day simple moving average of C$20.08 and a two-hundred day simple moving average of C$20.98. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.10 and a quick ratio of 6.05.

Insider Activity at Lightspeed Commerce

In other Lightspeed Commerce news, Senior Officer Daniel Robert Micak sold 3,995 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total transaction of C$78,022.35. 9.93% of the stock is owned by insiders.

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.