Wedbush analyst Ygal Arounian maintained a Hold rating on Shopify (SHOP) on September 1. The company’s shares closed last Thursday at $870.76.

According to, Arounian is a 5-star analyst with an average return of 20.1% and a 56.6% success rate. Arounian covers the Technology sector, focusing on stocks such as ANGI Homeservices, Uber Technologies, and IAC/InterActive.

Shopify has an analyst consensus of Moderate Buy, with a price target consensus of $1113.76.

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The company has a one-year high of $1146.91 and a one-year low of $282.08. Currently, Shopify has an average volume of 2.36M.

Based on the recent corporate insider activity of 541 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHOP in relation to earlier this year.

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Shopify, Inc. operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops. The firm’s platform provides merchants with a single view of business and customers and enables them to manage products and inventory, process orders and payments, build customer relationships and leverage analytics and reporting. It focuses on merchant and subscription solutions. The company was founded by Tobias Albin Lütke, Daniel Weinand and Scott Lake on September 28, 2004 and is headquartered in Ottawa, Canada.

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