Lightspeed Commerce (NYSE:LSPD) Stock Price Down 4% – Should You Sell?

Lightspeed Commerce Inc. (NYSE:LSPD)’s stock price dropped 4% during mid-day trading on Monday . The company traded as low as $10.02 and last traded at $10.21. Approximately 208,174 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 908,893 shares. The stock had previously closed at $10.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Scotiabank decreased their price objective on Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating for the company in a research note on Friday, February 7th. Piper Sandler decreased their price target on shares of Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Barclays cut their price objective on shares of Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. UBS Group decreased their target price on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a research report on Friday, February 7th. Finally, Wells Fargo & Company lowered their target price on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.39.

Lightspeed Commerce Stock Performance

The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $13.02 and its two-hundred day moving average price is $14.83. The stock has a market capitalization of $1.59 billion, a PE ratio of -13.00, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. As a group, equities research analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Hedge funds have recently bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after buying an additional 1,025 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Lightspeed Commerce by 27.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company’s stock worth $158,000 after acquiring an additional 2,168 shares during the period. Bayesian Capital Management LP purchased a new position in Lightspeed Commerce during the fourth quarter valued at $165,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Lightspeed Commerce during the fourth quarter worth about $256,000. Finally, Twinbeech Capital LP acquired a new position in shares of Lightspeed Commerce during the 4th quarter worth about $261,000. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Company Profile

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.