Stock Impressing Investors: Shopify Inc. (NYSE:SHOP)

Share

On Tuesday, March 8 the stock rating was upgraded by Pacific Crest to "Overweight".

Several research analysts have recently weighed in on SHOP shares. Vetr raised shares of Shopify from a "buy" rating to a "strong-buy" rating and set a $79.10 price target for the company in a research note on Monday, April 3rd. Credit Suisse Group reiterated an "outperform" rating and issued a $95.00 target price on shares of Shopify in a report on Tuesday, May 23rd.

Casey Affleck's wife files for divorce
In the docs, she lists their date of separation as November 2015 - although they didn't announce the split until March 2016. Casey Affleck's estranged wife Summer Phoenix has filed court papers to officially end their marriage.

The biggest institutional shareholders in Shopify Inc. include Fidelity Management and Research Company which owns 9 million shares in the company valued at $630.34 million. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Canaccord Genuity has "Buy" rating and $30 target. (NYSE:SHOP)'s stock about 0.82% from the 50-day high and 24.62% away from the 50-day low. About 6.60 million shares traded or 320.38% up from the average. The stock closed about 12.5% higher. The firm's market capitalization is $8.44 billion. The firm has a 50-day moving average price of $90.15 and a 200-day moving average price of $75.54. Shopify also saw unusually large options trading activity on Monday. Investors acquired 6,507 put options on the company. The day's total volume of 6611902 this morning is in contrast from the three-month daily average of 2221.82K.

Shopify (NYSE:SHOP) (TSE:SH) last released its quarterly earnings data on Tuesday, May 2nd. The software maker reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.07. Company fiscal year is ending in December and analysts' consensus recommendation is Outperform for SHOP and estimated EPS for next quarter is $ -0.04. Shopify had a negative return on equity of 11.26% and a negative net margin of 9.01%.

Rapists in Jordan can no longer go free by marrying their victim
Jordan's Lower House of Parliament repealed a law on Tuesday that allowed rapists to escape punishment by marrying their victims. In the end, lawmakers voted in line with the recommendations of the government and a royal committee on legal reforms.

Equities analysts expect Shopify Inc. During the same quarter in the prior year, the company earned ($0.04) EPS.

Current levels places Shopify Inc. "(SHOP) Now Covered by Benchmark Co." was first published by BBNS and is the property of of BBNS. If you are reading this report on another publication, it was stolen and reposted in violation of USA and worldwide copyright & trademark laws. Nadler Financial Group Inc. raised its stake in shares of Shopify by 0.9% in the second quarter. Macquarie Group Ltd. now owns 76,568 shares of the software maker's stock valued at $3,282,000 after buying an additional 5,900 shares during the last quarter. T. Rowe Price Associates, Inc.is the second biggest holder with 4 million shares now valued at 281.53 million whilst Sands Capital Management, LLC has 4 million shares valued at 261.85 million. Renaissance Technologies LLC boosted its position in Shopify by 4.7% in the first quarter. Scge Management L.P. now owns 1,015,000 shares of the software maker's stock worth $69,111,000 after buying an additional 145,000 shares during the period. BB&T Securities LLC increased its position in Shopify by 12.1% in the first quarter. The rating was downgraded by Monness Crespi on Monday, May 1 to "Neutral". Montrusco Bolton Investments Inc. bought a new position in shares of Shopify during the first quarter worth about $13,544,000. EAM Investors LLC now owns 10,418 shares of the software maker's stock valued at $709,000 after buying an additional 1,332 shares in the last quarter. The Company offers subscription solutions and merchant solutions.

Team India to play a record 23 matches between Sept-Dec
A decision on the series and venues will be taken by BCCI's Tours and Fixtures Committee in Kolkata on Tuesday (Aug 1). Meanwhile, the Kerala Cricket Association responded that they are looking forward to it with great expectations.

Shopify Inc. provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses.

Share