Shopify Inc. (TSE:SHOP - Get Free Report) traded up 21.5% during trading on Thursday . The company traded as high as C$214.90 and last traded at C$212.82. 4,168,139 shares were traded during trading, an increase of 94% from the average session volume of 2,143,358 shares. The stock had previously closed at C$175.16.
Analysts Set New Price Targets
SHOP has been the subject of a number of analyst reports. Royal Bank Of Canada lowered Shopify from an "outperform" rating to a "sector perform" rating and upped their target price for the stock from C$160.00 to C$220.00 in a report on Thursday. ATB Capital lifted their price objective on Shopify from C$155.00 to C$160.00 and gave the company an "outperform" rating in a research note on Friday, May 9th.
Get Our Latest Analysis on Shopify
Shopify Price Performance
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 stock's 50-day simple moving average is C$159.48 and its 200 day simple moving average is C$150.41. The company has a market cap of C$190.14 billion, a price-to-earnings ratio of 92.44, a PEG ratio of 0.87 and a beta of 2.36.
Insider Transactions at Shopify
In related news, Senior Officer Harley Michael Finkelstein sold 1,671 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of C$176.24, for a total value of C$294,490.25. Also, Senior Officer Jessica Hertz sold 355 shares of Shopify stock in a transaction dated Monday, July 28th. The stock was sold at an average price of C$176.24, for a total value of C$62,563.76. Over the last three months, insiders sold 43,343 shares of company stock valued at $6,654,837. Corporate insiders own 0.18% of the company's stock.
Shopify Company Profile
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Shopify is the leading global commerce company that provides essential internet infrastructure for commerce, offering trusted tools to start, scale, market, and run a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for speed, customization, reliability, and security, while delivering a better shopping experience for consumers online, in store, and everywhere in between.
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