Today Barrons is reporting: "Sell Shopify Stock, Analyst Says. One Reason: Amazon." For full coverage click here. Shares of the large-cap Technology company have not moved much on the news as of the afternoon trading session, and are currently trading at $38.66.
Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, Shopify has a trailing 12 month P/E ratio of 297.4 and a P/B ratio of 5.7.
Shopify has moved -74.3% over the last year compared to -15.7% for the S&P 500 -- a difference of -58.5%. Shopify has a 52 week high of $153.4 and a 52 week low of $23.63. At today's price of $38.66 per share, Shopify is -5.5% away from its target price of $40.91, and on average, analysts give the stock a rating of buy. 5.2% of the company's shares are linked to short positions, and 65.4% of the shares are owned by institutional investors.