Shopify (TSE:SHOP - Free Report) had its price objective increased by Mizuho from C$105.00 to C$110.00 in a research note released on Wednesday morning,BayStreet.CA reports. They currently have a hold rating on the stock.
A number of other equities research analysts also recently commented on SHOP. National Bankshares lifted their price objective on Shopify from C$100.00 to C$140.00 in a research report on Wednesday, November 13th. ATB Capital downgraded Shopify from an "outperform" rating to a "sector perform" rating and upped their price objective for the stock from C$120.00 to C$145.00 in a report on Wednesday, November 13th.
Check Out Our Latest Research Report on Shopify
Shopify Trading Up 0.5 %
TSE:SHOP traded up C$0.90 on Wednesday, reaching C$181.92. The stock had a trading volume of 1,739,423 shares, compared to its average volume of 1,845,025. Shopify has a 12-month low of C$72.36 and a 12-month high of C$182.15. The firm's fifty day moving average is C$160.66 and its two-hundred day moving average is C$130.40. The company has a market cap of C$169.42 billion, a price-to-earnings ratio of 82.36, a P/E/G ratio of 0.87 and a beta of 2.36. The company has a debt-to-equity ratio of 9.74, a current ratio of 3.71 and a quick ratio of 5.74.
Insider Buying and Selling
In other news, Senior Officer Harley Michael Finkelstein sold 2,949 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$153.84, for a total value of C$453,669.15. Also, Senior Officer Kasra Nejatian sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of C$172.76, for a total value of C$8,637,893.55. In the last ninety days, insiders have sold 63,690 shares of company stock valued at $10,862,641. Corporate insiders own 0.18% of the company's stock.
About Shopify
(
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Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.
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