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MarketScreener Homepage  >  Equities  >  Nyse  >  Shopify Inc (US)    SHOP   CA82509L1076

SHOPIFY INC (US) (SHOP)
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Khang & Khang LLP Announces an Investigation of Shopify Inc. and Encourages Investors with Losses to Contact the Firm

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10/05/2017 | 02:42am CEST

Khang & Khang LLP (the “Firm”) announces that it is investigating claims against Shopify Inc. (“Shopify” or the “Company”) (NYSE: SHOP) concerning possible violations of federal securities laws.

If you purchased shares of Shopify and want more information, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250 Irvine, CA 92604, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

The investigation concerns whether Shopify and certain of its officers and/or directors violated federal securities laws. On October 4, 2017, Citron Research published a report characterizing the Company 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. When this news was announced, shares of Shopify declined in value.

If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.


© Business Wire 2017
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Financials ($)
Sales 2018 1 031 M
EBIT 2018 3,65 M
Net income 2018 -84,7 M
Finance 2018 1 440 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 15,6x
EV / Sales 2019 11,2x
Capitalization 17 516 M
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 161 $
Spread / Average Target -2,0%
EPS Revisions
Managers
NameTitle
Tobias Albin Lütke Chairman & Chief Executive Officer
Harley Finkelstein Chief Operating Officer
Amy E. Shapero Chief Financial Officer
Jeremy Seth Levine Independent Director
Steven A. Collins Independent Director
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