Lightspeed Commerce (TSE:LSPD) Shares Down 12.4% – Time to Sell?

Lightspeed Commerce Inc. (TSE:LSPD)’s stock price dropped 12.4% during mid-day trading on Thursday . The stock traded as low as C$10.80 and last traded at C$10.82. Approximately 514,083 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 729,406 shares. The stock had previously closed at C$12.35.

Analyst Ratings Changes

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

Lightspeed Commerce Trading Up 2.7%

The company has a market cap of C$1.63 billion, a P/E ratio of -2.59 and a beta of 1.70. The business has a fifty day moving average price of C$12.45 and a 200-day moving average price of C$14.29. The company has a quick ratio of 6.05, a current ratio of 4.16 and a debt-to-equity ratio of 1.36.

Lightspeed Commerce (TSE:LSPD) last issued its quarterly earnings data on Thursday, May 21st. The company reported C($0.31) earnings per share (EPS) for the quarter. The firm had revenue of C$420.90 million for the quarter. Lightspeed Commerce had a negative return on equity of 9.57% and a negative net margin of 11.77%. On average, analysts forecast that Lightspeed Commerce Inc. will post 0.5970516 earnings per share for the current 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.