Shopify (TSE:SHOP) Price Target Raised to C$110.00 at Mizuho

Shopify (TSE:SHOP) had its target price boosted by Mizuho from C$105.00 to C$110.00 in a research report released on Wednesday morning,BayStreet.CA reports. Mizuho currently has a hold rating on the stock.

Several other equities research analysts have also recently issued reports on SHOP. ATB Capital cut shares of Shopify from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$120.00 to C$145.00 in a research report on Wednesday, November 13th. National Bankshares lifted their price objective on shares of Shopify from C$100.00 to C$140.00 in a research report on Wednesday, November 13th.

Shopify Trading Down 2.5 %

Shopify stock opened at C$172.08 on Wednesday. The stock has a market cap of C$208.22 billion, a P/E ratio of 125.61, a PEG 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. Shopify has a 1 year low of C$72.36 and a 1 year high of C$179.85. The firm’s 50 day moving average price is C$159.70 and its 200-day moving average price is C$128.72.

Insider Buying and Selling

In related news, Senior Officer Harley Michael Finkelstein sold 4,951 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$163.19, for a total value of C$807,961.18. Also, Director Tobyn David Shannan sold 433 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$163.19, for a total transaction of C$70,661.92. Over the last 90 days, insiders have sold 13,690 shares of company stock worth $2,224,747. Insiders own 0.18% of the company’s stock.

About Shopify

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.