Lightspeed Commerce (TSE:LSPD) Reaches New 1-Year Low – Here’s Why

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LSPD. Stifel Nicolaus dropped their price target on 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. BMO Capital Markets dropped their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating for the company in a report on Friday, February 7th. National Bankshares reduced their price target on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. CIBC dropped their price objective on shares of 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. Finally, Raymond James cut their price objective on Lightspeed Commerce from C$36.00 to C$29.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Lightspeed Commerce has a consensus rating of “Moderate Buy” and a consensus target price of C$20.31.

Lightspeed Commerce Stock Up 0.6 %

The firm’s 50 day moving average is C$20.08 and its 200-day moving average is C$20.98. The firm has a market cap of C$1.78 billion, a PE ratio of -14.56 and a beta of 2.69. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83.

Insiders Place Their Bets

In related news, Senior Officer Daniel Robert Micak sold 3,995 shares of the firm’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 value of C$78,022.35. 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.