Shopify Inc. (TSE:SHOP) Given Average Rating of “Hold” by Analysts

Shares of Shopify Inc. (TSE:SHOPGet Rating) have been assigned an average recommendation of “Hold” from the four research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$1,802.67.

Shopify Trading Down 6.3 %

Shares of Shopify stock opened at C$38.52 on Friday. The firm has a market cap of C$48.86 billion and a price-to-earnings ratio of 202.74. The business has a 50-day moving average price of C$45.22 and a 200-day moving average price of C$366.38. The company has a quick ratio of 10.25, a current ratio of 11.17 and a debt-to-equity ratio of 13.68. Shopify has a twelve month low of C$38.19 and a twelve month high of C$222.87.

Insider Activity

In other news, Senior Officer Harley Michael Finkelstein sold 3,198 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of C$43.03, for a total transaction of C$137,624.01. Following the completion of the transaction, the insider now owns 38,783 shares in the company, valued at C$1,669,003.14.

Shopify Company Profile

(Get Rating)

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, 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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