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

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

Separately, Mizuho boosted their price objective on Shopify from C$105.00 to C$110.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th.

Shopify Stock Down 0.3 %

TSE:SHOP opened at C$130.88 on Tuesday. Shopify has a one year low of C$72.36 and a one year high of C$183.53. 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 company has a market cap of C$121.89 billion, a PE ratio of 59.25, a P/E/G ratio of 0.87 and a beta of 2.36. The firm’s 50 day simple moving average is C$132.05 and its 200 day simple moving average is C$145.74.

Insider Activity

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

Shopify Company Profile

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.