Lightspeed Commerce (TSE:LSPD) Trading Down 1.9% – Should You Sell?

Lightspeed Commerce Inc. (TSE:LSPD) shares were down 1.9% during trading on Tuesday . The stock traded as low as C$12.54 and last traded at C$12.81. Approximately 587,517 shares were traded during trading, a decline of 34% from the average daily volume of 894,355 shares. The stock had previously closed at C$13.06.

Analysts Set New Price Targets

LSPD has been the topic of several recent research reports. Barclays lowered their price target on shares of Lightspeed Commerce from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research note on Friday, February 6th. TD Securities decreased their price objective on Lightspeed Commerce from C$15.00 to C$11.00 and set a “hold” rating for the company in a report on Friday, February 6th. BTIG Research lowered their target price on Lightspeed Commerce from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Stifel Nicolaus reduced their price target on Lightspeed Commerce from C$15.00 to C$12.00 and set a “hold” rating for the company in a research report on Friday, February 6th. Finally, Royal Bank Of Canada decreased their price target on Lightspeed Commerce from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$16.45.

Lightspeed Commerce Stock Performance

The company has a debt-to-equity ratio of 2.33, a quick ratio of 6.05 and a current ratio of 4.40. The stock’s fifty day moving average price is C$14.29 and its 200-day moving average price is C$15.77. The company has a market capitalization of C$1.76 billion, a P/E ratio of -2.80 and a beta of 1.78.

Lightspeed Commerce (TSE:LSPD) last released its quarterly earnings data on Thursday, February 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$428.71 million during the quarter. Lightspeed Commerce had a negative return on equity of 44.56% and a negative net margin of 57.96%. As a group, research analysts anticipate that Lightspeed Commerce Inc. will post 0.5970516 EPS for the current fiscal year.

Lightspeed Commerce Company Profile

Lightspeed is the POS and payments platform powering businesses at the heart of communities in over 100 countries. As the partner of choice for ambitious retail, golf and hospitality entrepreneurs, Lightspeed helps businesses accelerate growth, deliver exceptional customer experiences, and run smarter across all channels and locations. With fast, flexible omnichannel technology, Lightspeed brings together point of sale, ecommerce, embedded payments, inventory, reporting, staff and supplier management, financial services, and an exclusive wholesale retail network.