Shopify received a consensus recommendation of “Hold”, according to a report published by MarketBeat. The rating has been assigned by four firms currently covering the e-commerce giant. While two research analysts have rated the stock with a buy recommendation, one has issued a hold recommendation and the other one has issued a sell recommendation.
Brokerages that issued Shopify’s stock ratings last year have set the average 1-year price target of C$1,802.67. Veritas Investment Research separately issued a “sell” rating again on Shopify shares, according to a report published on May 5, Thursday.
Trading Up By 1.2%
On Monday, SHOP opened at C$41.58 as per etfdailynews.com. The company has a market cap of C$52.74 billion besides a price-to-earnings ratio of 218.84. The firm has a 52-week high of C$222.87 and a 52-week low of C$38.63. The 50-day moving average of Shopify is C$79.98 and the moving average of 200 days is C$457.83. The quick ratio of Shopify is 10.25 along with a debt-to-equity ratio of 13.68 and a current ratio of 11.17.
Shopify President Places His Bet
In a transaction on August 24, Wednesday, Shopify President Harley Michael Finkelstein sold 3,198 shares of the company’s stock at an average price of C$43.03. The total transaction was worth C$137,624.01. After the move, Finkelstein now owns 38,783 shares in Shopify valued at C$1,669,003.14.
