Shopify (TSE:SHOP) Trading Down 3.8% – Should You Sell?

Shopify Inc. (TSE:SHOP) was down 3.8% during trading on Thursday . The company traded as low as C$132.95 and last traded at C$133.58. Approximately 168,623 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 2,043,815 shares. The stock had previously closed at C$138.84.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. National Bankshares raised their target price on Shopify from C$100.00 to C$140.00 in a research note on Wednesday, November 13th. ATB Capital downgraded Shopify from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from C$120.00 to C$145.00 in a report on Wednesday, November 13th. Finally, Mizuho increased their target price on shares of Shopify from C$105.00 to C$110.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th.

Shopify Trading Down 5.2 %

The company has a market capitalization of C$122.55 billion, a PE ratio of 59.58, a PEG ratio of 0.87 and a beta of 2.36. The business’s 50-day simple moving average is C$160.09 and its two-hundred day simple moving average is C$138.61. The company has a current ratio of 3.71, a quick ratio of 5.74 and a debt-to-equity ratio of 9.74.

Insider Transactions at Shopify

In related news, Senior Officer Kasra Nejatian sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of C$172.76, for a total value of C$8,637,893.55. Also, Senior Officer Harley Michael Finkelstein sold 5,214 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$135.62, for a total transaction of C$707,147.04. Over the last quarter, insiders sold 60,853 shares of company stock worth $10,229,275. Insiders own 0.18% 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.