In Wednesday’s Wall Street session, Shopify Inc (NYSE:SHOP) shares traded at $104.28, down -5.04% from the previous session.
SHOP stock price is now -5.07% away from the 50-day moving average and 16.77% away from the 200-day moving average. The market capitalization of the company currently stands at $135.02B.
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, Tobias Lutke, Officer bought 1,032,787 shares of the company’s stock on Mar 24 ’25. The stock was bought for $97,959,847 at an average price of $94.85. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 24 ’25, Director Toby Shannan bought 2,902 shares of the business’s stock. A total of $275,217 was incurred on buying the stock at an average price of $94.84. A total of 6.41% 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. According to the stock market information, the enterprise value for the company is $130635907072, which is based on a 67.09 price-to-earnings ratio, a 2.39 price-to-earnings-growth ratio, and a beta of 2.81. The fifty day moving average price for SHOP is $109.8024 and a two-hundred day moving average price translates $89.09275 for the stock.
The latest earnings results from Shopify Inc (NYSE: SHOP) was released for 2024-12-31. 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.
