Shopify Inc. (TSE:SHOP - Get Free Report) Director Prashanth Mahendra-Rajah sold 173 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$146.89, for a total value of C$25,412.21.
Shopify Stock Up 6.3%
Shares of SHOP traded up C$9.05 during mid-day trading on Friday, hitting C$152.58. 2,014,658 shares of the company's stock were exchanged, compared to its average volume of 2,282,559. The company has a market cap of C$142.10 billion, a PE ratio of 69.08, a P/E/G ratio of 0.87 and a beta of 2.36. Shopify Inc. has a 52 week low of C$72.36 and a 52 week high of C$183.53. The company has a 50-day simple moving average of C$133.29 and a 200 day simple moving average of C$148.91. The company has a debt-to-equity ratio of 9.74, a current ratio of 3.71 and a quick ratio of 5.74.
Analyst Ratings Changes
SHOP has been the topic of several research analyst reports. Mizuho raised their target price on shares of Shopify from C$105.00 to C$110.00 and gave the stock a "hold" rating in a report on Wednesday, February 12th. ATB Capital boosted their price target on Shopify from C$155.00 to C$160.00 and gave the company an "outperform" rating in a report on Friday, May 9th.
Check Out Our Latest Analysis on Shopify
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.
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