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

JPMorgan Chase & Co. lowered shares of Lightspeed Commerce (TSE:LSPD - Free Report) from a neutral rating to an underperform rating in a research note issued to investors on Monday morning,BayStreet.CA reports. JPMorgan Chase & Co. currently has C$13.00 price target on the stock, down from their previous price target of C$14.00.

LSPD has been the subject of several other reports. CIBC reduced their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. TD Securities dropped their target price on Lightspeed Commerce from C$19.00 to C$13.00 and set a "hold" rating for the company in a report on Friday, February 7th. Cormark lowered their price objective on shares of Lightspeed Commerce from C$24.00 to C$21.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Scotiabank dropped their price target 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. Finally, 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 research report on Friday, February 7th. One research 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 MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of C$18.30.

Lightspeed Commerce Stock Performance

TSE LSPD traded up C$0.14 during trading on Monday, hitting C$12.87. 527,443 shares of the company's stock traded hands, compared to its average volume of 740,969. Lightspeed Commerce has a 12-month low of C$10.50 and a 12-month high of C$26.60. The stock has a market capitalization of C$1.40 billion, a price-to-earnings ratio of -11.44 and a beta of 2.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.05 and a current ratio of 6.10. The business has a 50 day moving average of C$15.22 and a 200-day moving average of C$19.89.

Insider Buying and Selling at Lightspeed Commerce

In related news, Senior Officer Daniel Robert Micak sold 3,995 shares of the stock in a transaction on Tuesday, February 18th. The stock was 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 the firm's 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 currently owned by company insiders.

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.