Stocks of Shopify Inc (NASDAQ:SHOP) traded higher last session on Wall Street, up 6.07% to $111.41.
SHOP stock price is now 15.06% away from the 50-day moving average and 14.44% away from the 200-day moving average. The market capitalization of the company currently stands at $144.54B.
On May 06, 2025, BMO Capital Markets recently initiated its ‘Outperform’ rating on the stock quoting a target price of $120, while ‘BNP Paribas Exane’ rates the stock as ‘Neutral’
In other news, GAIL GOODMAN, Director bought 10,000 shares of the company’s stock on Jun 05 ’25. The stock was bought for $1,035,800 at an average price of $103.58. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’25, Director FIDJI SIMO bought 500 shares of the business’s stock. A total of $55,725 was incurred on buying the stock at an average price of $111.45. A total of 6.39% 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 3.71, and a quick ratio of 3.71.
The net profit margin was 17.17% and return on equity was 16.15% for SHOP. The company reported revenue of $2.36 billion for the quarter, compared to $1.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.81 percent.
