Lightspeed Commerce (NYSE:LSPD) Stock Price Down 5.1% – Should You Sell?

Lightspeed Commerce Inc. (NYSE:LSPD)’s share price fell 5.1% during mid-day trading on Monday . The company traded as low as $13.47 and last traded at $13.70. 145,803 shares changed hands during trading, a decline of 63% from the average session volume of 391,335 shares. The stock had previously closed at $14.43.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LSPD shares. Royal Bank of Canada raised shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research report on Friday, November 8th. Piper Sandler increased their price target on shares of Lightspeed Commerce from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Benchmark boosted their price objective on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Finally, Wells Fargo & Company lowered their target price on Lightspeed Commerce from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lightspeed Commerce has an average rating of “Hold” and an average target price of $19.50.

Lightspeed Commerce Stock Down 3.9 %

The company has a current ratio of 6.08, a quick ratio of 5.94 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $15.90 and a two-hundred day simple moving average of $15.00. The firm has a market capitalization of $2.11 billion, a P/E ratio of -15.58 and a beta of 2.43.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $277.18 million during the quarter, compared to analyst estimates of $273.90 million. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. On average, equities analysts predict that Lightspeed Commerce Inc. will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Large investors have recently made changes to their positions in the company. Westfield Capital Management Co. LP increased its holdings in shares of Lightspeed Commerce by 30.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock worth $54,838,000 after buying an additional 766,688 shares during the last quarter. Azora Capital LP raised its position in Lightspeed Commerce by 3.4% during the third quarter. Azora Capital LP now owns 1,439,331 shares of the company’s stock valued at $23,735,000 after purchasing an additional 47,359 shares during the period. National Bank of Canada FI lifted its stake in shares of Lightspeed Commerce by 1.4% in the 3rd quarter. National Bank of Canada FI now owns 1,161,144 shares of the company’s stock valued at $19,146,000 after purchasing an additional 16,267 shares during the last quarter. Intact Investment Management Inc. boosted its holdings in shares of Lightspeed Commerce by 10,117.5% in the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock worth $14,473,000 after purchasing an additional 869,090 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Lightspeed Commerce by 226.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,500 shares of the company’s stock valued at $6,108,000 after purchasing an additional 256,900 shares during the last quarter. 68.68% of the stock is owned by institutional investors.

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.