Shopify Inc. (TSE:SHOP - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as C$162.99 and last traded at C$161.93, with a volume of 742396 shares. The stock had previously closed at C$158.27.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. ATB Capital downgraded Shopify from an "outperform" rating to a "sector perform" rating and raised their price target for the stock from C$120.00 to C$145.00 in a research note on Wednesday, November 13th. National Bankshares raised their price target on Shopify from C$100.00 to C$140.00 in a research note on Wednesday, November 13th.
Read Our Latest Research Report on Shopify
Shopify Price Performance
The company has a market cap of C$195.83 billion, a price-to-earnings ratio of 118.13, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36. The company has a fifty day moving average price of C$123.39 and a two-hundred day moving average price of C$101.63. The company has a current ratio of 7.32, a quick ratio of 5.74 and a debt-to-equity ratio of 12.40.
Insider Transactions at Shopify
In related news, Senior Officer Harley Michael Finkelstein sold 426 shares of the business's stock in a transaction on Monday, October 28th. The stock was sold at an average price of C$110.63, for a total value of C$47,130.08. Also, Director Tobyn David Shannan sold 424 shares of the business's stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$91.85, for a total value of C$38,945.52. In the last quarter, insiders have sold 37,613 shares of company stock valued at $5,325,385. 0.18% of the stock is owned by corporate insiders.
Shopify Company Profile
(
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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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