Shopify (TSE:SHOP) Price Target Raised to C$140.00 at National Bankshares

Shopify (TSE:SHOP) had its target price upped by equities researchers at National Bankshares from C$100.00 to C$140.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. National Bankshares’ price target suggests a potential downside of 8.75% from the stock’s previous close.

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

Shopify Trading Down 4.8 %

Shares of SHOP stock opened at C$153.43 on Wednesday. The company has a debt-to-equity ratio of 12.40, a quick ratio of 5.74 and a current ratio of 7.32. The stock has a fifty day simple moving average of C$110.29 and a two-hundred day simple moving average of C$96.60. The firm has a market capitalization of C$185.65 billion, a PE ratio of 113.75, a PEG ratio of 0.87 and a beta of 2.36. Shopify has a 52-week low of C$72.36 and a 52-week high of C$161.86.

Insiders Place Their Bets

In other news, Senior Officer Harley Michael Finkelstein sold 440 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$98.06, for a total transaction of C$43,145.49. Also, Director Tobyn David Shannan sold 424 shares of the business’s stock in a transaction 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. Insiders have sold a total of 36,423 shares of company stock worth $4,862,258 in the last 90 days. 0.18% of the stock is currently owned by corporate 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.