Lightspeed Commerce (TSE:LSPD) Lowered to Underperform Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Lightspeed Commerce (TSE:LSPD) from a neutral rating to an underperform rating in a research report report published on Monday,BayStreet.CA reports. They currently have C$13.00 price target on the stock, down from their prior price target of C$14.00.

A number of other equities analysts also recently commented on the company. Raymond James lowered their price objective on Lightspeed Commerce from C$29.00 to C$25.00 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Stifel Nicolaus lowered their price objective on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Friday, February 7th. National Bankshares cut their target price on Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Scotiabank lowered their target price on shares of 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. Finally, CIBC dropped their price target on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$18.30.

Lightspeed Commerce Price Performance

Shares of LSPD opened at C$12.67 on Monday. The company has a market cap of C$1.38 billion, a P/E ratio of -11.26 and a beta of 2.69. Lightspeed Commerce has a fifty-two week low of C$10.50 and a fifty-two week high of C$26.60. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average price is C$15.69 and its 200 day moving average price is C$20.14.

Insider Buying and Selling at Lightspeed Commerce

In other news, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$15.72, for a total transaction of C$353,527.08. Also, Senior Officer Daniel Robert Micak sold 3,995 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total transaction of C$78,022.35. Company 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.