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4-Traders Homepage  >  Equities  >  Nyse  >  Shopify Inc (US)    SHOP   CA82509L1076

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Lundin Law PC Announces an Investigation of Shopify Inc.

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10/05/2017 | 01:33am CEST

Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Shopify Inc. (“Shopify” or the “Company”) (NYSE: SHOP) concerning possible violations of federal securities laws.

To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or by email at [email protected].

On October 4, 2017, Citron Research published a report characterizing Shopify as “a completely illegal get-rich quick scheme.” The report alleged that Shopify inaccurately described its relationship with certain affiliates, stating, in part: “Shopify calls these affiliates ‘partners.’ We call them promoters selling business opportunities.” The report compared the Company’s business practices to those of Herbalife Ltd., a company that recently paid $200 million and agreed to an order “prohibit[ing] Herbalife from misrepresenting distributors’ potential or likely earnings” to settle Federal Trade Commission charges. Upon release of this information, shares of Shopify fell in value.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


© Business Wire 2017
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Financials ($)
Sales 2017 650 M
EBIT 2017 -7,77 M
Net income 2017 -60,1 M
Finance 2017 848 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 14,2x
EV / Sales 2018 9,88x
Capitalization 10 062 M
Chart SHOPIFY INC (US)
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Shopify Inc (US) Technical Analysis Chart | SHOP | CA82509L1076 | 4-Traders
Technical analysis trends SHOPIFY INC (US)
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 110 $
Spread / Average Target 7,4%
EPS Revisions
Managers
NameTitle
Tobias Albin Lütke Chairman & Chief Executive Officer
Harley Finkelstein Chief Operating Officer
Russ Jones Chief Financial Officer
Jeremy Seth Levine Independent Director
Steven A. Collins Independent Director
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