Shopify (TSE:SHOP) Price Target Lowered to C$155.00 at ATB Capital

Shopify (TSE:SHOP) had its price objective cut by ATB Capital from C$170.00 to C$155.00 in a research report released on Tuesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, Mizuho upped their price target on shares of Shopify from C$105.00 to C$110.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th.

Shopify Trading Down 0.3 %

Shares of SHOP stock opened at C$130.88 on Tuesday. Shopify has a 1 year low of C$72.36 and a 1 year high of C$183.53. The company’s fifty day simple moving average is C$132.05 and its two-hundred day simple moving average is C$145.74. The company has a debt-to-equity ratio of 9.74, a current ratio of 3.71 and a quick ratio of 5.74. The stock has a market capitalization of C$121.89 billion, a price-to-earnings ratio of 59.25, a PEG ratio of 0.87 and a beta of 2.36.

Insiders Place Their Bets

In other Shopify news, Senior Officer Kasra Nejatian sold 50,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of C$172.76, for a total value of C$8,637,893.55. Also, Senior Officer Harley Michael Finkelstein sold 3,104 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of C$158.59, for a total value of C$492,263.81. Insiders sold a total of 62,159 shares of company stock valued at $10,396,250 over the last 90 days. Insiders own 0.18% of the company’s stock.

About Shopify

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.