Shopify Inc. (NYSE:SHOP - Get Free Report) TSE: SHOP has been given a consensus recommendation of "Moderate Buy" by the forty brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $126.31.

Several brokerages recently commented on SHOP. Cantor Fitzgerald reiterated a "neutral" rating and set a $120.00 price target on shares of Shopify in a research report on Wednesday, February 12th. CIBC boosted their price target on Shopify from $135.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. boosted their price target on Shopify from $121.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. New Street Research assumed coverage on Shopify in a research report on Friday, January 10th. They set a "neutral" rating and a $115.00 price target for the company. Finally, Loop Capital raised Shopify from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $110.00 to $140.00 in a research note on Friday, December 6th.

View Our Latest Analysis on Shopify

Large investors have recently bought and sold shares of the stock. Allianz SE purchased a new position in shares of Shopify in the 4th quarter valued at about $27,000. PFG Private Wealth Management LLC increased its holdings in shares of Shopify by 3,657.1% in the 4th quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker's stock valued at $28,000 after acquiring an additional 256 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of Shopify in the 4th quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Shopify by 50.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker's stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Shopify in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 69.27% of the company's stock.

Shopify stock opened at $104.29 on Monday. The stock has a market capitalization of $135.04 billion, a PE ratio of 67.29, a price-to-earnings-growth ratio of 4.82 and a beta of 2.60. Shopify has a 12 month low of $48.56 and a 12 month high of $129.38. The business has a 50 day simple moving average of $110.04 and a 200-day simple moving average of $99.73.

Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last issued its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a return on equity of 12.00% and a net margin of 22.74%. On average, equities research analysts anticipate that Shopify will post 1.12 EPS for the current fiscal year.

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.

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