Published: Thu, June 15, 2017
Markets | By Noel Gibbs

Goldman Sachs Group, Inc. (The) Downgrades Shopify Inc. (SHOP) to Neutral


Shopify Inc (SHOP) opened at 91.45 on Friday. The fund owned 4,412 shares of the software maker's stock at the end of the first quarter. Shopify makes up about 1.1% of Pier Capital LLC's portfolio, making the stock its 21st largest position. BB&T Securities LLC's holdings in Shopify were worth $684,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of Shopify during the first quarter valued at $116,000. Goldman Sachs Group, Inc. Marshall Wace LLP purchased a new position in shares of Shopify during the fourth quarter worth approximately $320,000. The stock of Shopify Inc (US) (NYSE:SHOP) earned "Buy" rating by Rosenblatt on Wednesday, October 19.

Now the shares of Shopify Inc. May was the fifth consecutive month of double-digit percentage share-price gains for the company. Shopify has a 12-month low of $26.35 and a 12-month high of $100.80. The market capitalization of the company is at $7.06 Billion. The company has a 50-day moving average price of $88.46 and a 200 day moving average price of $63.98.

Box introduces Box Drive, a new sync client built for the enterprise
Box first previewed the feature during its BoxWorks conference previous year but didn't provide much in the way of details. Moreover, Box Drive provides the same enterprise-grade security and compliance capabilities that Box is known for.


Shopify (NYSE:SHOP) (TSE:SH) last issued its earnings results on Tuesday, May 2nd. The software maker reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.07. Shopify Inc (US) had a negative return on equity of 13.28% and a negative net margin of 10.68%. For the current year the company's revenue estimates are $629.24 Million compared to low analyst estimates of $619 Million and high estimates of $654.1 Million according to 24 number of analysts. During the same quarter in the previous year, the business earned ($0.06) EPS. The company's quarterly revenue was up 75.2% compared to the same quarter past year.

Investors wait Shopify Inc (US) (NYSE:SHOP) to report on August, 2. its quarterly earnings Wall Street analysts expect $-0.21 earnings per share, down $0.11 or 110.00 % from last year's $-0.1 same quarter earnings.

TRADEMARK VIOLATION NOTICE: This article was first reported by BBNS and is owned by of BBNS. If you are accessing this article on another domain, it was stolen and reposted in violation of global copyright & trademark law. The legal version of this story can be viewed at https://www.thestockobserver.com/2017/06/13/shopify-inc-shop-shares-bought-by-renaissance-technologies-llc.html.

Orioles place Davis on DL
The White Sox are trying to get back in the American League Central race but they have a long row to hoe to get there. The team has yet to place Sabathia , whose next scheduled start would have been Sunday, on the disabled list.


(SHOP) is -0.04 while the analysts predicted the EPS of the stock to be -0.1 suggesting the company fell short of the analysts' expectations. About shares traded. Shopify Inc (US) (NYSE:SHOP) has risen 242.20% since June 14, 2016 and is uptrending. (The) lowered shares of Shopify from a "buy" rating to a "neutral" rating and set a C$125.12 price target on the stock.in a research report on Tuesday. The rating was maintained by Robert W. Baird on Tuesday, May 23 with "Outperform". Finally, Summit Research lifted their price objective on shares of Shopify from $48.00 to $69.00 and gave the company a "buy" rating in a research note on Thursday, February 16th.

Among 26 analysts covering Shopify (NYSE:SHOP), 15 have Buy rating, 0 Sell and 11 Hold.

ICC Champions trophy : Ben Stokes takes toilet break during match vs Pakistan
But it was Pakistan who got a fast start, Fakhar Zaman attacking with hooks and pulls all the short balls directed at him. Joe Root (46) made a start, but found skipper Sarfraz Ahmed behind the stumps off a quicker delivery from Shadab.


Like this: