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

Lightspeed Commerce (TSE:LSPD) was downgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating in a report issued on Monday,BayStreet.CA reports. They presently have a C$13.00 price target on the stock, down from their prior price target of C$14.00. JPMorgan Chase & Co.‘s target price points to a potential upside of 3.50% from the stock’s current price.

Other analysts also recently issued research reports about the stock. National Bankshares lowered their target price on shares of Lightspeed Commerce from C$20.00 to C$15.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Stifel Nicolaus lowered their price objective on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Friday, February 7th. Scotiabank cut their target price on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Raymond James decreased their price target on Lightspeed Commerce from C$29.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Finally, Cormark dropped their price objective on Lightspeed Commerce from C$24.00 to C$21.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Lightspeed Commerce currently has a consensus rating of “Hold” and an average price target of C$18.30.

Lightspeed Commerce Trading Down 0.9 %

TSE:LSPD opened at C$12.56 on Monday. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83. The stock’s 50 day simple moving average is C$15.58 and its 200-day simple moving average is C$20.08. Lightspeed Commerce has a 12-month low of C$10.50 and a 12-month high of C$26.60. The firm has a market cap of C$1.37 billion, a P/E ratio of -11.16 and a beta of 2.69.

Insider Buying and Selling at Lightspeed Commerce

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