Shopify (TSE:SHOP) Stock Price Up 1.6%

Shopify Inc. (TSE:SHOP) shares were up 1.6% during trading on Monday . The stock traded as high as C$101.08 and last traded at C$99.03. Approximately 2,143,976 shares changed hands during trading, a decline of 17% from the average daily volume of 2,580,378 shares. The stock had previously closed at C$97.47.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price objective on Shopify from C$86.00 to C$90.00 and gave the company a “buy” rating in a report on Wednesday, February 14th.

Shopify Stock Performance

The company has a market cap of C$119.83 billion, a PE ratio of 707.36, a PEG ratio of 1.09 and a beta of 2.20. The company has a debt-to-equity ratio of 12.69, a quick ratio of 5.74 and a current ratio of 6.99. The firm’s 50 day moving average is C$102.04 and its 200-day moving average is C$98.72.

Insider Transactions at Shopify

In other Shopify news, Senior Officer Harley Michael Finkelstein sold 1,198 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$74.39, for a total transaction of C$89,119.22. Insiders have sold a total of 9,972 shares of company stock worth $753,531 in the last ninety days. Insiders own 0.19% of the company’s stock.

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.