Economy

FNY Partners Fund LP Purchases 8000 Shares of Shopify Inc. (SHOP)

The fund owned 9,500 shares of the software maker's stock after buying an additional 8,000 shares during the quarter. Shopify Inc. (NYSE:SHOP)'s EPS growth this year is -38.30% and the trailing 12-month EPS is $-0.51. Toronto Dominion Bank has an ownership of 1,630 stocks of the software maker's shares valued at $111,000 after scooping up an extra 973 shares through out the previous quarter, SG Americas Securities bought a fresh position in Shopify in the 1st period assessed at roughly $116,000. around seven Bridges Advisors bought a fresh position in Shopify in the 2nd period assessed at roughly $120,000. Finally, Westpac Banking Corp acquired a new position in Shopify in the second quarter worth approximately $823,000. Finally, Sterling Investment Advisors Ltd. raised its position in Shopify by 100.0% in the 2nd quarter. CSFB restated an "outperform" rating and issued a $128.00 price target on shares of Shopify in a research report on Tuesday, May 23rd.

Based on current stock levels, Shopify Inc. shares are trading 1.87% off of the 50-day high and 40.73% away from the 50-day low.

Shopify (NYSE:SHOP) (TSE:SH) previously disclosed its fiscal periodic earnings information on early Tue, Aug 1st.

A number of brokerages recently issued reports on SHOP. (NYSE SHOP) opened at 115.25 on Monday. On Wednesday, April 26 the stock rating was maintained by Maxim Group with "Hold". The company's 50-day moving average is $99.26 and its 200 day moving average is $84.68. The software maker reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.05. Shopify had a negative net margin of 8.96% and a negative return on equity of 8.26%. The company had revenue of $151.70 million during the quarter, compared to the consensus estimate of $143.94 million. Shopify's revenue for the quarter was up 75.2% on a year-over-year basis. Piper Jaffray initiated the stock with "Overweight" rating in Tuesday, February 16 report. DA Davidson initiated the shares of SHOP in report on Wednesday, September 6 with "Hold" rating. The stock now has a average recommendation of "Buy" and an average price target of $91.81. Lastly, Ifs Securities initiated coverage on Shopify in a study note published on early Thur, Aug 24th.

Among 32 analysts covering Shopify (NYSE:SHOP), 15 have Buy rating, 0 Sell and 17 Hold. The firm has "Outperform" rating given on Thursday, January 21 by Wedbush. The company presently has a consensus rating of "Buy" and a consensus target price of $91.81. The Firm offers subscription solutions and merchant solutions. Its platform provides merchants with a single view of their business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships, and leverage analytics and reporting.

Many other high profile fund managers have modified their stake in SHOP.



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