Shopify's Share Price Stable Despite Analyst Pessimism

By Harris Dyer • Thursday, December 08 12:10 • Permanent Link

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.