Shopify Inc. (TSE:SHOP - Get Free Report) Director Lulu Cheng Meservey sold 343 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$146.89, for a total transaction of C$50,383.75.
Shopify Stock Up 6.3%
Shares of TSE SHOP traded up C$9.05 during trading hours on Friday, hitting C$152.58. The company had a trading volume of 2,014,958 shares, compared to its average volume of 2,282,564. Shopify Inc. has a 1-year low of C$72.36 and a 1-year high of C$183.53. The company has a quick ratio of 5.74, a current ratio of 3.71 and a debt-to-equity ratio of 9.74. The firm's 50 day moving average is C$133.55 and its 200-day moving average is C$148.95. The stock has a market capitalization of C$142.10 billion, a P/E ratio of 69.08, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Mizuho raised their price objective on Shopify from C$105.00 to C$110.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. ATB Capital increased their price target on Shopify from C$155.00 to C$160.00 and gave the company an "outperform" rating in a research report on Friday, May 9th.
View Our Latest Analysis on SHOP
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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