Roth Capital set a $325.00 target price on Shopify (NYSE:SHOP) (TSE:SHOP) in a research report report published on Tuesday morning, TipRanks reports. The firm currently has a hold rating on the software maker’s stock.

A number of other equities analysts have also recently issued reports on the stock. Piper Jaffray Companies upped their price objective on shares of Shopify from $286.00 to $320.00 and gave the stock a neutral rating in a research report on Thursday, August 1st. Jefferies Financial Group raised their target price on shares of Shopify from $250.00 to $300.00 and gave the company a hold rating in a research report on Thursday, August 1st. William Blair reaffirmed a market perform rating on shares of Shopify in a research note on Thursday, August 1st. Zacks Investment Research cut shares of Shopify from a hold rating to a sell rating and set a $379.00 target price on the stock. in a research note on Friday, August 9th. Finally, CSFB upped their price target on shares of Shopify from $275.00 to $370.00 and gave the stock an outperform rating in a report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $335.88.

NYSE SHOP traded up $10.27 during trading on Tuesday, hitting $347.51. 3,196,958 shares of the company’s stock were exchanged, compared to its average volume of 1,792,052. The company has a current ratio of 11.44, a quick ratio of 11.44 and a debt-to-equity ratio of 0.05. The company has a market cap of $37.62 billion, a PE ratio of -569.69 and a beta of 1.23. Shopify has a fifty-two week low of $117.64 and a fifty-two week high of $409.61. The stock’s 50 day moving average price is $361.45 and its two-hundred day moving average price is $281.04.

Shopify (NYSE:SHOP) (TSE:SHOP) last posted its earnings results on Thursday, August 1st. The software maker reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.45. Shopify had a negative net margin of 5.98% and a negative return on equity of 3.85%. The firm had revenue of $361.98 million during the quarter, compared to analysts’ expectations of $350.59 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The business’s revenue for the quarter was up 47.8% compared to the same quarter last year. Analysts forecast that Shopify will post -0.82 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Tortoise Investment Management LLC bought a new position in Shopify during the 1st quarter worth $29,000. Signaturefd LLC grew its position in shares of Shopify by 56.9% in the 1st quarter. Signaturefd LLC now owns 171 shares of the software maker’s stock valued at $35,000 after buying an additional 62 shares during the last quarter. Aperio Group LLC bought a new stake in shares of Shopify in the 2nd quarter valued at about $37,000. Advisors Preferred LLC acquired a new stake in shares of Shopify in the second quarter valued at about $39,000. Finally, Ropes Wealth Advisors LLC increased its stake in shares of Shopify by 41.0% in the second quarter. Ropes Wealth Advisors LLC now owns 148 shares of the software maker’s stock valued at $44,000 after buying an additional 43 shares during the period. 59.63% of the stock is currently owned by institutional investors.

About Shopify

Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.

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Analyst Recommendations for Shopify (NYSE:SHOP)

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