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 note issued to investors on Monday,BayStreet.CA reports. They currently have C$13.00 price objective on the stock, down from their prior price objective of C$14.00.

Several other research firms also recently issued reports on LSPD. Scotiabank cut their target price on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. BMO Capital Markets cut their price objective on Lightspeed Commerce from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Stifel Nicolaus dropped their target price on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research report on Friday, February 7th. CIBC cut their price target on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, TD Securities decreased their price objective on shares of Lightspeed Commerce from C$19.00 to C$13.00 and set a “hold” rating for the company in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$18.30.

Lightspeed Commerce Price Performance

Shares of LSPD opened at C$12.67 on Monday. The company has a 50 day moving average of C$15.69 and a two-hundred day moving average of C$20.14. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. Lightspeed Commerce has a twelve month low of C$10.50 and a twelve month high of C$26.60. The company has a market cap of C$1.38 billion, a price-to-earnings ratio of -11.26 and a beta of 2.69.

Insider Activity at Lightspeed Commerce

In related news, Senior Officer Daniel Robert Micak sold 3,995 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of C$19.53, for a total value of C$78,022.35. Also, Senior Officer Asha Hotchandani (Bakshani) sold 22,489 shares of Lightspeed Commerce stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$15.72, for a total transaction of C$353,527.08. 9.93% of the stock is owned by corporate insiders.

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.