Shopify (TSE:SHOP) Sets New 1-Year High – Should You Buy?

Shopify Inc. (TSE:SHOP) shares reached a new 52-week high on Monday . The company traded as high as C$176.61 and last traded at C$173.22, with a volume of 931237 shares traded. The stock had previously closed at C$167.67.

Analysts Set New Price Targets

Several equities analysts have issued reports on SHOP shares. Mizuho upped their price target on shares of Shopify from C$105.00 to C$110.00 and gave the company a “hold” rating in a research report on Wednesday. National Bankshares boosted their target price on shares of Shopify from C$100.00 to C$140.00 in a report on Wednesday, November 13th. Finally, ATB Capital downgraded Shopify from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$120.00 to C$145.00 in a report on Wednesday, November 13th.

Shopify Stock Performance

The company has a debt-to-equity ratio of 12.40, a current ratio of 7.32 and a quick ratio of 5.74. The company has a fifty day moving average price of C$159.70 and a 200 day moving average price of C$128.72. The stock has a market cap of C$208.22 billion, a P/E ratio of 125.61, a P/E/G ratio of 0.87 and a beta of 2.36.

Insider Activity at Shopify

In other news, Director Tobyn David Shannan sold 433 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$163.19, for a total value of C$70,661.92. Also, Director Colleen Johnston sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$151.82, for a total transaction of C$303,631.60. In the last quarter, insiders have sold 15,690 shares of company stock valued at $2,528,379. 0.18% of the stock is 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.