Shopify (NYSE:SHOP) Given New $125.00 Price Target at UBS Group

Shopify (NYSE:SHOP) (TSE:SHOP) had its price objective upped by UBS Group from $110.00 to $125.00 in a research note published on Wednesday, Marketbeat.com reports. They currently have a neutral rating on the software maker’s stock.

Other equities analysts have also issued reports about the stock. Evercore ISI raised their price objective on shares of Shopify from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group raised their price target on shares of Shopify from $135.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday. Canaccord Genuity Group upped their price target on shares of Shopify from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. DZ Bank lowered Shopify from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Finally, New Street Research initiated coverage on Shopify in a research note on Friday, January 10th. They issued a “neutral” rating and a $115.00 target price on the stock. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.14.

Shopify Trading Down 2.5 %

NYSE:SHOP opened at $120.46 on Wednesday. Shopify has a 1 year low of $48.56 and a 1 year high of $125.95. The stock’s fifty day moving average price is $111.29 and its two-hundred day moving average price is $91.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 7.10 and a quick ratio of 7.10. The company has a market cap of $155.65 billion, a P/E ratio of 112.58, a P/E/G ratio of 2.49 and a beta of 2.47.

Shopify (NYSE:SHOP) (TSE:SHOP) last issued its quarterly earnings data on Tuesday, February 11th. The software maker reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). Shopify had a return on equity of 11.60% and a net margin of 16.84%. As a group, analysts expect that Shopify will post 0.91 EPS for the current year.

Institutional Investors Weigh In On Shopify

Large investors have recently modified their holdings of the stock. Allianz SE bought a new position in Shopify in the fourth quarter worth about $27,000. PFG Private Wealth Management LLC grew its holdings in shares of Shopify by 3,657.1% during the 4th quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker’s stock worth $28,000 after acquiring an additional 256 shares during the period. Mark Sheptoff Financial Planning LLC raised its position in shares of Shopify by 50.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Shopify in the 3rd quarter valued at approximately $33,000. Finally, Rosenberg Matthew Hamilton boosted its position in shares of Shopify by 41.3% during the third quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock valued at $36,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.

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.