Shopify (NYSE:SHOP) Given New $125.00 Price Target at UBS Group

Shopify (NYSE:SHOP) (TSE:SHOP) had its price objective boosted by research analysts at UBS Group from $110.00 to $125.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. UBS Group’s price target points to a potential upside of 2.61% from the stock’s current price.

SHOP has been the subject of several other reports. Atb Cap Markets lowered Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Citigroup boosted their target price on Shopify from $143.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer boosted their target price on Shopify from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company upped their price target on Shopify from $90.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Wedbush reiterated an “outperform” rating and set a $125.00 price target on shares of Shopify in a report on Tuesday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.51.

Shopify Stock Down 1.4 %

NYSE:SHOP traded down $1.77 on Wednesday, hitting $121.82. 7,583,538 shares of the company’s stock traded hands, compared to its average volume of 7,696,904. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.09. Shopify has a 1 year low of $48.56 and a 1 year high of $125.95. The firm has a 50-day moving average price of $111.29 and a 200-day moving average price of $91.82. The company has a market cap of $157.41 billion, a PE ratio of 113.75, a price-to-earnings-growth ratio of 2.49 and a beta of 2.47.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a net margin of 16.84% and a return on equity of 11.60%. Equities analysts anticipate that Shopify will post 0.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Shopify

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Allianz SE acquired a new position in shares of Shopify during the 4th quarter worth approximately $27,000. PFG Private Wealth Management LLC boosted its stake in shares of Shopify by 3,657.1% during the 4th quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker’s stock worth $28,000 after acquiring an additional 256 shares during the period. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Shopify by 50.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker’s stock worth $32,000 after acquiring an additional 100 shares during the period. New Wave Wealth Advisors LLC bought a new position in shares of Shopify during the 4th quarter worth approximately $39,000. Finally, Mather Group LLC. boosted its stake in shares of Shopify by 84.8% during the 4th quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock worth $43,000 after acquiring an additional 184 shares during the period. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Company Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.