Lightspeed Commerce (TSE:LSPD) Sets New 52-Week Low – Here’s Why

Lightspeed Commerce Inc. (TSE:LSPD)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$14.89 and last traded at C$15.04, with a volume of 183741 shares. The stock had previously closed at C$15.46.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LSPD shares. TD Securities cut their price target on Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating on the stock in a research report on Friday, February 7th. BMO Capital Markets dropped their target price on Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Stifel Nicolaus decreased their price target on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Friday, February 7th. Scotiabank dropped their price objective on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, National Bankshares decreased their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.31.

Lightspeed Commerce Stock Down 4.0 %

The stock has a market cap of C$1.61 billion, a PE ratio of -13.19 and a beta of 2.69. The business has a 50-day moving average price of C$19.70 and a 200-day moving average price of C$20.96. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83.

Insider Activity

In other Lightspeed Commerce news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$15.72, for a total value of C$353,527.08. Also, Senior Officer Daniel Robert Micak sold 3,995 shares of Lightspeed Commerce stock in a transaction 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. Company 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.