Shopify Inc. (TSE:SHOP - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as C$170.75 and last traded at C$169.41, with a volume of 598330 shares traded. The stock had previously closed at C$165.32.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on SHOP. National Bankshares increased their target price on Shopify from C$100.00 to C$140.00 in a research note on Wednesday, November 13th. ATB Capital downgraded shares of Shopify from an "outperform" rating to a "sector perform" rating and increased their price target for the company from C$120.00 to C$145.00 in a report on Wednesday, November 13th.
View Our Latest Report on SHOP
Shopify Stock Performance
The stock's 50 day moving average is C$136.52 and its two-hundred day moving average is C$108.86. The firm has a market capitalization of C$206.76 billion, a P/E ratio of 124.73, a P/E/G ratio of 0.87 and a beta of 2.36. The company has a debt-to-equity ratio of 12.40, a current ratio of 7.32 and a quick ratio of 5.74.
Insider Activity
In other Shopify news, Senior Officer Jessica Hertz sold 4,963 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$167.08, for a total transaction of C$829,193.57. Also, Director Colleen Johnston sold 2,000 shares of Shopify stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$151.82, for a total transaction of C$303,631.60. Insiders sold a total of 42,394 shares of company stock valued at $6,521,950 in the last ninety days. 0.18% of the stock is owned by insiders.
About Shopify
(
Get Free Report)
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.
Recommended Stories
Before you consider Shopify, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shopify wasn't on the list.
While Shopify currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
