Shopify Inc. Class A Subordinat (NYSE:SHOP).
On September 28 the stock rating was downgraded to “Equal-weight” from “Overweight” with a current price target of $47.00 in a report issued by Morgan Stanley. On August 1 analysts at Citigroup initiated coverage by announcing an initial rating of “Neutral” and a price target of $35.00.
Monness Crespi Hardt started coverage giving it an initial rating of “Buy”. On May 26, 2016 Maxim Group started covering the stock with a rating of “Hold”.
Equity analyst Macquarie starting coverage on the stock setting a rating of “Outperform”.
The company is trading up by 1.55 percent from yesterday’s close. Company chares are trading at $43.87 which is slightly above $41.47, the 50 day moving average and just a bit higher than the 200 day moving average of $32.88. The 50 day moving average was up $2.40 or +5.79% and the 200 day average went up $10.99 or +33.41%.
In the latest earnings report the EPS was $-0.36 and is expected to be $-0.15 for the current year with 81,812,000 shares outstanding. Next quarter’s EPS is expected be $-0.01 and the next full year EPS is projected to be $-0.06.