Shopify (NYSE:SHOP) (TSE:SHOP) had its price objective boosted by Barclays from $225.00 to $310.00 in a report published on Friday, The Fly reports. The firm currently has an equal weight rating on the software maker’s stock.

SHOP has been the topic of a number of other reports. Zacks Investment Research lowered Shopify from a buy rating to a hold rating in a research report on Thursday, May 16th. Rosenblatt Securities reiterated a buy rating and issued a $395.00 price objective (up from $295.00) on shares of Shopify in a research report on Thursday. Piper Jaffray Companies increased their price objective on Shopify from $216.00 to $286.00 and gave the company a neutral rating in a research report on Thursday. UBS Group increased their price objective on Shopify from $295.00 to $395.00 and gave the company a buy rating in a research report on Thursday. Finally, Canaccord Genuity reiterated a buy rating and issued a $360.00 price objective (up from $270.00) on shares of Shopify in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. Shopify has an average rating of Buy and an average target price of $283.63.

NYSE SHOP opened at $326.85 on Friday. The company has a market cap of $36.44 billion, a P/E ratio of -535.82 and a beta of 1.35. Shopify has a one year low of $117.64 and a one year high of $338.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 12.57 and a current ratio of 12.56.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its quarterly earnings results on Tuesday, April 30th. The software maker reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.44. The business had revenue of $320.50 million for the quarter, compared to analyst estimates of $310.11 million. Shopify had a negative return on equity of 3.74% and a negative net margin of 6.17%. Shopify’s revenue for the quarter was up 49.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 EPS. Analysts forecast that Shopify will post -0.79 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of SHOP. Comerica Securities Inc. boosted its stake in Shopify by 32.4% during the 4th quarter. Comerica Securities Inc. now owns 3,005 shares of the software maker’s stock worth $416,000 after purchasing an additional 735 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Shopify by 9.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,277 shares of the software maker’s stock worth $1,008,000 after purchasing an additional 636 shares during the last quarter. Comerica Bank boosted its stake in Shopify by 8.7% during the 4th quarter. Comerica Bank now owns 9,013 shares of the software maker’s stock worth $1,416,000 after purchasing an additional 724 shares during the last quarter. FDx Advisors Inc. boosted its stake in Shopify by 7.0% during the 4th quarter. FDx Advisors Inc. now owns 6,088 shares of the software maker’s stock worth $843,000 after purchasing an additional 400 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in Shopify by 22.2% during the 4th quarter. LPL Financial LLC now owns 22,691 shares of the software maker’s stock worth $3,142,000 after purchasing an additional 4,119 shares during the last quarter. Institutional investors and hedge funds own 66.47% of the company’s stock.

Shopify Company Profile

Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.

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Analyst Recommendations for Shopify (NYSE:SHOP)

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