Lightspeed Commerce (TSE:LSPD) Sets New 12-Month Low – Here’s What Happened

Lightspeed Commerce Inc. (TSE:LSPD) reached a new 52-week low during trading on Monday . The stock traded as low as C$14.37 and last traded at C$14.45, with a volume of 246337 shares traded. The stock had previously closed at C$15.22.

Wall Street Analysts Forecast Growth

LSPD has been the topic of several recent analyst reports. Stifel Nicolaus reduced their target price on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. BMO Capital Markets reduced their price objective on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. National Bankshares dropped their target price on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. TD Securities reduced their price target 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, Scotiabank dropped their price objective on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Lightspeed Commerce presently has a consensus rating of “Moderate Buy” and an average price target of C$19.81.

Lightspeed Commerce Stock Performance

The firm has a 50 day moving average of C$18.41 and a 200-day moving average of C$20.84. The company has a market cap of C$1.57 billion, a P/E ratio of -12.82 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.

Insider Transactions at Lightspeed Commerce

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the company’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 value of C$353,527.08. Also, Senior Officer Daniel Robert Micak sold 3,995 shares of Lightspeed Commerce 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. 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.