Scge Management L.P. grew its holdings in shares of Shopify by 16.7% during the 1st quarter. (NYSE:SHOP) (TSE:SH) in a report released on Friday. Piper Jaffray Companies now has a $110.00 price objective on the software maker’s stock. Renaissance Technologies LLC owned about 0.30% of Shopify worth $25,705,000 as of its most recent SEC filing. (US) Stock?” published on July 25, 2017 as well as’s news article titled: “Better Buy: “, Inc. vs. Shopify Inc (US)” with publication date: “June 27, 2017. Summit Partners Public Asset Management, LLC owns 165,700 shares worth $14,399,000. FMR LLC boosted its stake in shares of Shopify by 8.5% during the second quarter. Finally, Zevenbergen Capital Investments LLC grew its holdings in shares of Shopify by 36.1% during the 2nd quarter. State of Tennessee Treasury Department now owns 46,703 shares of the software maker’s stock valued at $4,058,000 after acquiring an additional 550 shares in the last quarter. As of the end of the quarter Pacad Investment Ltd. had bought a total of 5,542 shares growing its stake by 40.8%. Outstanding shares refer to a company’s stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company’s officers and insiders.

TRADEMARK VIOLATION WARNING: This piece was posted by BBNS and is the property of of BBNS. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & worldwide copyright and trademark legislation. Barclays PLC reiterated an “equal weight” rating and issued a $90.00 target price (up previously from $70.00) on shares of Shopify in a report on Wednesday, August 2nd. Susquehanna Bancshares Inc upped their price objective on Shopify Inc (US) from $48.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, February 16th. The Williams %R indicator helps show the relative situation of the current price close to the period being observed. BidaskClub downgraded shares of Shopify from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twenty-one have given a buy rating to the company’s stock.

Shares of Shopify Inc. Shares of Shopify Inc. Shopify has a 12-month low of $37.74 and a 12-month high of $123.94. The firm has a 50-day moving average of $115.94 and a 200-day moving average of $115.94.

Shares of Shopify Inc (SHOP) have been trending lower over the past five bars, revealing bearish momentum for the shares, as they ran -15.94% for the week. Analysts review historical return data when trying to predict future returns or to estimate how a security might react to a particular situation, such as a drop in consumer demand. Shopify had a negative return on equity of 8.26% and a negative net margin of 8.96%. The company’s revenue for the quarter was up 75.2% compared to the same quarter a year ago. During the same quarter in the prior year, the firm earned ($0.04) earnings per share.

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Shopify Inc.

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