Shopify Inc. (TSE:SHOP - Get Free Report) was up 21.5% on Thursday . The company traded as high as C$214.90 and last traded at C$212.82. Approximately 4,168,139 shares changed hands during mid-day trading, an increase of 94% from the average daily volume of 2,143,358 shares. The stock had previously closed at C$175.16.
Wall Street Analysts Forecast Growth
SHOP has been the topic of a number of recent analyst reports. ATB Capital upped their target price 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. Royal Bank Of Canada lowered Shopify from an "outperform" rating to a "sector perform" rating and upped their target price for the company from C$160.00 to C$220.00 in a research report on Thursday.
View Our Latest Research Report on SHOP
Shopify Price Performance
The stock has a 50 day moving average price of C$160.73 and a two-hundred day moving average price of C$150.75. The company has a debt-to-equity ratio of 9.74, a quick ratio of 5.74 and a current ratio of 3.71. The company has a market capitalization of C$191.46 billion, a PE ratio of 93.07, a P/E/G ratio of 0.87 and a beta of 2.36.
Insider Buying and Selling at Shopify
In related news, Senior Officer Harley Michael Finkelstein sold 4,955 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of C$149.69, for a total transaction of C$741,716.84. Also, Director Tobyn David Shannan sold 2,442 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$145.16, for a total transaction of C$354,478.36. Insiders have sold a total of 43,343 shares of company stock worth $6,654,837 in the last 90 days. Company 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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