Moffett Nathanson Lowers Shopify (TSE:SHO) to Hold

Shopify (TSE:SHOGet Free Report) was downgraded by research analysts at Moffett Nathanson from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

SHO has been the topic of several other reports. Atb Cap Markets upgraded shares of Shopify from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, May 8th. JMP Securities upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 9th. Finally, Piper Sandler upgraded shares of Shopify from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 9th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Shopify currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Analysis on SHO

Shopify Stock Performance

Shopify (TSE:SHOGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported C$0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.11 by C$0.05. The firm had revenue of C$2.51 billion during the quarter, compared to analysts’ expectations of C$2.49 billion.

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