Lightspeed Commerce (TSE:LSPD) Hits New 12-Month Low – Time to Sell?

Shares of Lightspeed Commerce Inc. (TSE:LSPD) reached a new 52-week low on Thursday . The company traded as low as C$14.89 and last traded at C$15.04, with a volume of 183741 shares traded. The stock had previously closed at C$15.46.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LSPD. Scotiabank reduced their target price on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. 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 note on Friday, February 7th. National Bankshares cut their target price on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. CIBC lowered their price target on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, BMO Capital Markets lowered their price target 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.31.

Lightspeed Commerce Trading Up 4.7 %

The stock has a fifty day moving average of C$19.54 and a 200 day moving average of C$20.91. The company has a market capitalization of C$1.68 billion, a P/E ratio of -13.76 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 Buying and Selling

In other Lightspeed Commerce news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the 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 the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of C$19.53, for a total value of C$78,022.35. 9.93% of the stock is owned by insiders.

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.