Shopify (TSE:SHOP) Given New C$140.00 Price Target at National Bankshares

Shopify (TSE:SHOP) had its price target increased by National Bankshares from C$100.00 to C$140.00 in a research note published on Wednesday,BayStreet.CA reports.

Separately, ATB Capital upped their price target on shares of Shopify from C$115.00 to C$120.00 in a report on Thursday, August 8th.

Shopify Price Performance

Shares of Shopify stock opened at C$161.20 on Wednesday. The company has a debt-to-equity ratio of 12.40, a current ratio of 7.32 and a quick ratio of 5.74. Shopify has a one year low of C$72.36 and a one year high of C$161.86. The business’s 50 day simple moving average is C$108.96 and its two-hundred day simple moving average is C$96.14. The stock has a market capitalization of C$195.05 billion, a P/E ratio of 115.07, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36.

Insider Transactions at Shopify

In other Shopify news, Director Tobyn David Shannan sold 424 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$91.85, for a total transaction of C$38,945.52. In other Shopify news, Director Tobyn David Shannan sold 424 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$91.85, for a total value of C$38,945.52. Also, Senior Officer Harley Michael Finkelstein sold 5,142 shares of Shopify stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of C$91.85, for a total transaction of C$472,306.23. In the last three months, insiders have sold 9,751 shares of company stock worth $852,555. 0.18% of the stock is currently owned by insiders.

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.