In Friday’s Wall Street session, Shopify Inc (NYSE:SHOP) shares traded at $115.56, down -6.41% from the previous session.
SHOP stock price is now 2.04% away from the 50-day moving average and 36.84% away from the 200-day moving average. The market capitalization of the company currently stands at $149.32B.
With the price target maintained at $150, The Benchmark Company recently Upgraded its rating from Hold to Buy for Shopify Inc (NYSE: SHOP). On January 10, 2025, New Street recently initiated its ‘Neutral’ rating on the stock quoting a target price of $115, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, FIDJI SIMO, Director bought 500 shares of the company’s stock on Feb 18 ’25. The stock was bought for $64,175 at an average price of $128.35. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13 ’25, Director Tobyn Shannan bought 50,000 shares of the business’s stock. A total of $6,179,500 was incurred on buying the stock at an average price of $123.59. A total of 6.43% of the company’s stock is owned by insiders.
During the past 12 months, Shopify Inc has had a low of $48.56 and a high of $129.38. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 3.68, and a quick ratio of 3.67.
The net profit margin was 22.74% and return on equity was 19.58% for SHOP. The company reported revenue of $2.81 billion for the quarter, compared to $2.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.16 percent.
