Shopify (TSE:SHOP) Reaches New 12-Month High - Time to Buy?

Shopify Inc. (TSE:SHOP - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as C$183.38 and last traded at C$180.32, with a volume of 945948 shares. The stock had previously closed at C$181.92.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. National Bankshares upped their price target on shares of Shopify from C$100.00 to C$140.00 in a research note on Wednesday, November 13th. ATB Capital lowered shares of Shopify from an "outperform" rating to a "sector perform" rating and upped their price target for the company from C$120.00 to C$145.00 in a research note on Wednesday, November 13th. Finally, Mizuho upped their price target on shares of Shopify from C$105.00 to C$110.00 and gave the company a "hold" rating in a research note on Wednesday, February 12th.

Shopify Stock Performance

The firm has a market cap of C$153.18 billion, a price-to-earnings ratio of 74.47, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36. The stock's 50 day moving average is C$162.03 and its 200 day moving average is C$133.46. The company has a current ratio of 3.71, a quick ratio of 5.74 and a debt-to-equity ratio of 9.74.

Insider Transactions at Shopify

In related news, Senior Officer Kasra Nejatian sold 50,000 shares of the 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. Also, Senior Officer Harley Michael Finkelstein sold 4,951 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$163.19, for a total transaction of C$807,961.18. In the last 90 days, insiders sold 63,690 shares of company stock valued at $10,862,641. Company insiders own 0.18% of the company's stock.

Shopify Company Profile

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.