Shopify (NYSE:SHOP) Given “Neutral” Rating at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of Shopify (NYSE:SHOP) (TSE:SHOP) in a report issued on Wednesday,Benzinga reports. They currently have a $120.00 price objective on the software maker’s stock.

A number of other equities analysts also recently issued reports on the stock. New Street Research initiated coverage on shares of Shopify in a research note on Friday, January 10th. They issued a “neutral” rating and a $115.00 price target for the company. Citigroup raised their target price on Shopify from $143.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday. Moffett Nathanson lifted their price target on Shopify from $86.00 to $99.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Robert W. Baird increased their price objective on Shopify from $90.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Atb Cap Markets cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.14.

Shopify Trading Down 2.5 %

NYSE SHOP opened at $120.46 on Wednesday. The firm has a market cap of $155.65 billion, a PE ratio of 112.58, a price-to-earnings-growth ratio of 2.49 and a beta of 2.47. Shopify has a 1-year low of $48.56 and a 1-year high of $125.95. The stock has a 50-day moving average of $111.29 and a 200-day moving average of $91.82. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.09.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its quarterly earnings results 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, sell-side analysts forecast that Shopify will post 0.91 EPS for the current year.

Institutional Trading of Shopify

A number of hedge funds and other institutional investors have recently bought and sold shares of SHOP. Allianz SE bought a new position in shares of Shopify during the 4th quarter valued at approximately $27,000. PFG Private Wealth Management LLC boosted its position in shares of Shopify by 3,657.1% in the fourth quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker’s stock worth $28,000 after purchasing an additional 256 shares during the period. Mark Sheptoff Financial Planning LLC increased its stake in shares of Shopify by 50.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Shopify during the 4th quarter valued at $39,000. Finally, Mather Group LLC. raised its position in shares of Shopify by 84.8% during the 4th quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock valued at $43,000 after purchasing an additional 184 shares during the period. Hedge funds and other institutional investors own 69.27% 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.