About Shopify (NYSE:SHOP)
Shopify Inc. (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company's software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces. The Shopify platform provides merchants with a single view of their business and customers across all of their sales channels and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships and leverage analytics and reporting all from one integrated back office. The Shopify platform includes a mobile-optimized checkout system, which is designed to enable merchants' consumers to buy products over mobile Websites. Its merchants are able to offer their customers the ability to check out by using Apple Pay.
Industry, Sector and Symbol:
- Industry: E-commerce & Auction Services
- Sub-Industry: N/A
- Sector: Technology
- Symbol: NYSE:SHOP
- CUSIP: N/A
- Web: www.shopify.com
- Debt-to-Equity Ratio: 0.02%
- Current Ratio: 10.64%
- Quick Ratio: 10.64%
Sales & Book Value:
- Annual Sales: $389.33 million
- Price / Sales: 24.40
- Book Value: $5.33 per share
- Price / Book: 20.67
- Trailing EPS: ($0.49)
- Net Income: $-35,350,000.00
- Net Margins: -7.90%
- Return on Equity: -6.58%
- Return on Assets: -5.79%
- Employees: 1,900
- Outstanding Shares: 86,220,000
Frequently Asked Questions for Shopify (NYSE:SHOP)
What is Shopify's stock symbol?
Shopify trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHOP."
How were Shopify's earnings last quarter?
Shopify Inc. (NYSE:SHOP) posted its quarterly earnings data on Wednesday, August, 3rd. The software maker reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.08) by $0.04. The software maker earned $86.36 million during the quarter, compared to analysts' expectations of $80.62 million. Shopify had a negative net margin of 7.90% and a negative return on equity of 6.58%. Shopify's revenue for the quarter was up 92.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.03) earnings per share. View Shopify's Earnings History.
When will Shopify make its next earnings announcement?
Where is Shopify's stock going? Where will Shopify's stock price be in 2017?
35 Wall Street analysts have issued twelve-month price targets for Shopify's stock. Their predictions range from $50.00 to $146.00. On average, they expect Shopify's share price to reach $99.70 in the next twelve months. View Analyst Ratings for Shopify.
What are Wall Street analysts saying about Shopify stock?
Here are some recent quotes from research analysts about Shopify stock:
- 1. According to Zacks Investment Research, "Shopify's second-quarter 2017 results were impressive. The company's year-over-year revenue growth showed that Shopify’s cloud-based, multi-tenant, omni-channel, scalable platform is gaining adoption. The company continues to win new merchants, which surpassed 0.5 million at the end of quarter. The company is benefiting from retail’s rapid transition to mobile and social sales channels. Moreover, availability of Apple Pay and addition of eBay, Amazon and Facebook Messenger as sales channels are significant positives. Shopify has outperformed the broader industry on a year-to-date basis. However, the company’s increasing investments on product development, infrastructure and platform will continue to hurt profitability at least in 2017. We observe that the company is yet to report profit, which doesn’t augur well for investors." (8/7/2017)
- 2. Maxim Group analysts commented, "Shopify’s 1Q17 sales, adj. EBITDA, and adj." (5/3/2017)
- 3. BTIG Research analysts commented, "The +60% run in the stock YTD may trigger thoughts of irrational exuberance (or at least lofty expectations), but we view it instead as the natural outcome when a company achieves perfect product/market fit. It's no secret that digital commerce is a long run secular trend (the market piece of the puzzle), and no one makes it easier to participate in it than Shopify (the product piece). By effectively growing the pool of sellers beyond traditional retailers and Amazon (AMZN, Not Rated), the company has claimed a disproportionate share of gross merchandise value. And despite stellar performance since going public in May 2015, we still think Shopify is in the early stages of its growth cycle; a perfect product/market fit (along with a benign competitive environment) should sustain its strong trajectory. Expectations are rising as investors start to appreciate the company's true potential, and a valuation of 7x EV/FY18 Revenues may look lofty to some; however, we believe that the incredible product/market fit justifies the premium. Moreover, it should also serve as the foundation for continued financial outperformance. Maintain Buy." (3/21/2017)
- 4. Pacific Crest analysts commented, "With considerable runway ahead and multiple upside drivers, Shopify continues to be our favorite growth name to own. We are rolling out our 2021 model, and see a path to $1.7 billion in revenue and $90 billion in GMV, which would make Shopify a key data asset. Given its leading SaaS growth, a premium valuation is deserved. We are buyers and are raising our target to $78 (from $66)." (3/21/2017)
- 5. Wedbush analysts commented, "We expect Shopify to continue to grow at above-ecommerce market growth rates for the foreseeable future as it continues to penetrate its sizable SMB TAM and makes in-roads with larger brands. FY16 ends on a high note. Q4 results topped expectations as revenue grew 86% YoY to $130.4 million coming in well ahead of both consensus of $121.6 million and the guidance range of $120-$122 million. Revenue growth was driven by strong execution across the board." (2/16/2017)
Who are some of Shopify's key competitors?
Some companies that are related to Shopify include MercadoLibre (MELI), The Trade Desk (TTD), Overstock.com (OSTK), E Commerce China Dangdang (DANG), AO World plc (AO), Borderfree (BRDR), Jumei International Holding Limited (JMEI), Points International (PCOM), Mysale Group PLC (MYSL), Geeknet (GKNT), eve Sleep plc (EVE), CafePress (PRSS), boohoo.com plc (BOO) and Cnova NV (CNV).
Who are Shopify's key executives?
Shopify's management team includes the folowing people:
- Tobias Albin Lutke, Chairman of the Board, Chief Executive Officer, Co-Founder (Age 35)
- Russell Norman Jones, Chief Financial Officer (Age 56)
- Harley Michael Finkelstein, Chief Operating Officer (Age 32)
- Joseph Andrew Frasca, Senior Vice President, General Counsel, Secretary (Age 42)
- Brittany Jean Forsyth, Senior Vice President - Human Relations (Age 28)
- Jean-Michel Lemieux, Senior Vice President - Engineering (Age 43)
- Toby Shannan, Senior Vice President - Support (Age 45)
- Craig Stuart Miller, Chief Marketing Officer (Age 33)
- Daniel Weinand, Chief Design Officer (Age 36)
- Robert Gerard Ashe, Lead Independent Director (Age 58)
When did Shopify IPO?
(SHOP) raised $100 million in an initial public offering on Thursday, May 21st 2015. The company issued 7,700,000 shares at a price of $12.00-$14.00 per share. Morgan Stanley, Credit Suisse and RBC Capital Markets acted as the underwriters for the IPO and Pacific Crest Securities, Raymond James and Canaccord Genuity were co-managers.
Who owns Shopify stock?
Shopify's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Whale Rock Capital Management LLC (1.54%), Baillie Gifford & Co. (0.95%), Zevenbergen Capital Investments LLC (1.03%), Bank of New York Mellon Corp (0.75%), TD Asset Management Inc. (0.71%) and Canada Pension Plan Investment Board (0.48%). View Institutional Ownership Trends for Shopify.
Who sold Shopify stock? Who is selling Shopify stock?
Shopify's stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, JPMorgan Chase & Co., American Century Companies Inc., Granahan Investment Management Inc. MA, Commerzbank Aktiengesellschaft FI, Peregrine Capital Management LLC, Stephens Investment Management Group LLC and Bank of New York Mellon Corp. View Insider Buying and Selling for Shopify.
Who bought Shopify stock? Who is buying Shopify stock?
Shopify's stock was purchased by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Whale Rock Capital Management LLC, Mawer Investment Management Ltd., Mitsubishi UFJ Trust & Banking Corp, Barometer Capital Management Inc., CIBC Asset Management Inc, New York State Common Retirement Fund and Jennison Associates LLC. View Insider Buying and Selling for Shopify.
How do I buy Shopify stock?
Shares of Shopify can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Shopify's stock price today?
One share of Shopify stock can currently be purchased for approximately $110.17.
How big of a company is Shopify?
Shopify has a market capitalization of $10.94 billion and generates $389.33 million in revenue each year. The software maker earns $-35,350,000.00 in net income (profit) each year or ($0.49) on an earnings per share basis. Shopify employs 1,900 workers across the globe.
How can I contact Shopify?
Shopify's mailing address is 150 Elgin Street, 8Th Floor, OTTAWA, ON K2P 1L4, Canada. The software maker can be reached via phone at +1-613-2412828 or via email at [email protected]
MarketBeat Community Rating for Shopify (NYSE SHOP)MarketBeat's community ratings are surveys of what our community members think about Shopify and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Shopify (NYSE:SHOP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 14 Hold Ratings, 20 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.54)|
|Consensus Price Target: ||$99.70 (9.50% downside)|
Consensus Price Target History for Shopify (NYSE:SHOP)
Analysts' Ratings History for Shopify (NYSE:SHOP)
(Data available from 11/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/5/2017||Barclays PLC||Reiterated Rating||Hold -> Neutral||N/A|
|11/1/2017||Royal Bank Of Canada||Boost Price Target||Sector Perform||$99.00 -> $132.50||N/A|
|11/1/2017||Piper Jaffray Companies||Reiterated Rating||Buy||$110.00||N/A|
|11/1/2017||Roth Capital||Boost Price Target||Buy -> Buy||$117.00 -> $119.00||N/A|
|10/31/2017||Oppenheimer Holdings, Inc.||Reiterated Rating||Hold||N/A|
|10/27/2017||Monness Crespi & Hardt||Upgrade||Neutral -> Buy||$125.00||N/A|
|10/6/2017||Morgan Stanley||Reiterated Rating||Equal Weight||$109.00||N/A|
|10/5/2017||Robert W. Baird||Reiterated Rating||Outperform||$110.00||N/A|
|9/20/2017||Macquarie||Boost Price Target||Outperform||$121.00 -> $146.00||Medium|
|9/6/2017||DA Davidson||Initiated Coverage||Neutral -> Neutral||$95.00||High|
|8/24/2017||Ifs Securities||Initiated Coverage||Outperform||$115.00||Medium|
|8/2/2017||Canaccord Genuity||Reiterated Rating||Buy||$90.00 -> $115.00||High|
|7/13/2017||William Blair||Reiterated Rating||Market Perform||Low|
|7/12/2017||Benchmark Co.||Initiated Coverage||Hold -> Hold||High|
|6/26/2017||SunTrust Banks, Inc.||Initiated Coverage||Hold||$90.00||High|
|6/23/2017||Stephens||Reiterated Rating||Equal Weight||$97.00||High|
|6/13/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Buy -> Neutral||$100.80 -> $96.00||Low|
|5/26/2017||Industrial Alliance Securities||Boost Price Target||Buy||$87.00 -> $134.00||Low|
|5/23/2017||Credit Suisse Group||Reiterated Rating||Outperform -> Outperform||$95.00||Low|
|5/3/2017||Eight Capital||Upgrade||Neutral -> Buy||Low|
|5/3/2017||Maxim Group||Reiterated Rating||Hold||Low|
|5/3/2017||Bank of America Corporation||Downgrade||Neutral -> Underperform||$62.00 -> $84.00||Medium|
|4/27/2017||BTIG Research||Downgrade||Buy -> Neutral||Low|
|4/26/2017||Raymond James Financial, Inc.||Downgrade||Outperform -> Sector Perform||$104.50||Medium|
|4/23/2017||Mackie||Reiterated Rating||Buy||$70.00 -> $95.00||Medium|
|3/21/2017||Pacific Crest||Boost Price Target||Overweight||$66.00 -> $78.00||High|
|3/2/2017||National Bank Financial||Reiterated Rating||Outperform||$80.00||N/A|
|2/16/2017||Summit Redstone||Boost Price Target||Buy||$48.00 -> $69.00||N/A|
|2/16/2017||Susquehanna Bancshares Inc||Boost Price Target||Buy||$48.00 -> $69.00||N/A|
|2/16/2017||Summit Research||Boost Price Target||Buy||$48.00 -> $69.00||N/A|
|1/5/2017||Rosenblatt Securities||Reiterated Rating||Buy||$50.00||N/A|
|12/1/2016||Citigroup Inc.||Initiated Coverage||Market Perform||N/A|
|10/17/2016||Dundee Securities||Initiated Coverage||Neutral||$45.00||N/A|
|9/29/2016||CIBC||Initiated Coverage||Sector Outperform||N/A|
|4/14/2016||Paradigm Capital||Initiated Coverage||Buy||$35.00||N/A|
Earnings History and Estimates Chart for Shopify (NYSE:SHOP)
Earnings History by Quarter for Shopify (NYSE SHOP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||6/30/2017||($0.20)||($0.15)||$143.94 million||$151.70 million||View||Listen|
|5/2/2017||3/31/2017||($0.22)||($0.15)||$121.67 million||$127.40 million||View||Listen|
|11/2/2016||Q316||($0.03)||($0.02)||$94.62 million||$99.60 million||View||N/A|
|8/3/2016||Q216||($0.08)||($0.04)||$80.62 million||$86.36 million||View||N/A|
|5/4/2016||Q116||($0.09)||($0.06)||$66.89 million||$72.70 million||View||N/A|
|2/17/2016||Q415||($0.06)||($0.01)||$61.20 million||$70.20 million||View||Listen|
|11/4/2015||Q315||($0.06)||($0.06)||$47.64 million||$52.80 million||View||N/A|
|7/30/2015||Q215||($0.12)||($0.03)||$38.10 million||$44.90 million||View||Listen|
Earnings Estimates for Shopify (NYSE:SHOP)
Current Year EPS Consensus Estimate: $-0.49 EPS
Next Year EPS Consensus Estimate: $-0.44 EPS
Dividend History for Shopify (NYSE:SHOP)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading History for Shopify (NYSE SHOP)
No insider trades for this company have been tracked by MarketBeat.com
Latest Headlines for Shopify (NYSE SHOP)
|ETFs with exposure to Shopify, Inc. : November 20, 2017|
finance.yahoo.com - November 21 at 10:25 AM
|Shopify, Inc. breached its 50 day moving average in a Bullish Manner : SHOP-US : November 21, 2017|
finance.yahoo.com - November 21 at 10:25 AM
|Shopify Inc Won’t Be in Trouble Until It Hits This Number|
investorplace.com - November 20 at 1:35 PM
|Why Shopify Inc (US) Stock Looks Positioned for Another Huge Rally|
investorplace.com - November 20 at 11:19 AM
|Buy Shopify Inc Stock and Don’t Look Back|
investorplace.com - November 20 at 11:19 AM
|UPS and Shopify Join Forces to Help Deliver Fast, Guaranteed ... - Business Wire (press release)|
www.businesswire.com - November 18 at 5:12 AM
|Should You Second-Guess Your Investment in Shopify Inc. (USA ... - The Motley Fool Canada|
www.fool.ca - November 18 at 5:12 AM
|Shopify and UPS to Partner Just in Time for the Holidays|
247wallst.com - November 16 at 5:49 PM
|BRIEF-UPS and Shopify Inc announce platform integration|
www.reuters.com - November 16 at 5:49 PM
|Better Growth Stock in 2018: Canopy Growth Corp. vs. Shopify Inc. - The Motley Fool Canada|
www.fool.ca - November 15 at 3:41 PM
|Shopify's Growth Continues Unabated -- Despite Short-Seller Claims|
finance.yahoo.com - November 15 at 8:29 AM
|Shopify Inc (US) Will Fall Until It Addresses Citron|
investorplace.com - November 13 at 10:31 AM
|Better Buy: Shopify Inc (US) vs. Paypal Holdings Inc - Motley Fool|
www.fool.com - November 10 at 11:57 AM
|Shopify, Inc. :SHOP-US: Earnings Analysis: Q3, 2017 By the Numbers : November 8, 2017|
finance.yahoo.com - November 9 at 6:27 PM
|Shopify CEO to Chair Economic Strategy Table on Digital Industries|
finance.yahoo.com - November 9 at 6:27 PM
|ETFs with exposure to Shopify, Inc. : November 9, 2017|
finance.yahoo.com - November 9 at 1:24 PM
|Investors Should Stay Patient With Shopify Inc (US) Stock|
investorplace.com - November 8 at 9:32 AM
|3 High Growth Stocks You Could Regret Not Buying - Yahoo Finance|
finance.yahoo.com - November 7 at 10:14 AM
|$207.99 Million in Sales Expected for Shopify Inc. (SHOP) This Quarter|
www.americanbankingnews.com - November 7 at 4:38 AM
|Shopify Inc Stock Will Survive Mudslinging by the Short Sellers|
investorplace.com - November 6 at 7:28 AM
|Shopify's (SHOP) "Neutral" Rating Reiterated at Barclays PLC|
www.americanbankingnews.com - November 5 at 7:42 AM
|Is Shopify Inc. a Buy? - Nasdaq|
www.nasdaq.com - November 5 at 5:54 AM
| Brokerages Expect Shopify Inc. (SHOP) Will Post Earnings of $0.05 Per Share|
www.americanbankingnews.com - November 5 at 5:24 AM
|Shopify Inc. Reports Earnings, Shares Fall, But it’s Only the Beginning|
www.msn.com - November 4 at 7:53 PM
|Shopify's Sales Surge 72%|
finance.yahoo.com - November 4 at 7:53 PM
|[$$] Scoffing at Shorts, Canaccord Calls Shopify a Buy|
finance.yahoo.com - November 4 at 7:52 PM
|Shopify Inc. (SHOP) Q3 2017 Earnings Conference Call Transcript|
www.fool.com - November 1 at 3:14 PM
|Shopify Inc. (SHOP) Given Average Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - November 1 at 12:21 PM
|Shopify Inc. (SHOP) Price Target Raised to $120.00|
www.americanbankingnews.com - October 31 at 7:18 PM
|Shopify Inc. (SHOP) Receives "Hold" Rating from Oppenheimer Holdings, Inc.|
www.americanbankingnews.com - October 31 at 6:38 PM
|Shopify Inc. (SHOP) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS|
www.americanbankingnews.com - October 31 at 12:30 PM
|SHOP INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation on Behalf of Shopify Inc. Investors|
finance.yahoo.com - October 31 at 9:27 AM
|Shopify, Inc. breached its 50 day moving average in a Bullish Manner : SHOP-US : October 31, 2017|
finance.yahoo.com - October 31 at 9:27 AM
|Own Shopify Inc (US) Stock? Read This Before Tuesday Morning.|
investorplace.com - October 30 at 11:02 AM
|Shopify Inc (US) Stock Is Not a Long Bet, It Is a Coin Toss|
investorplace.com - October 27 at 7:57 AM
|What Should Investors Expect From Shopify Inc (US) Stock Earnings?|
investorplace.com - October 26 at 4:54 PM
|Shopify Inc. (SHOP) Set to Announce Quarterly Earnings on Tuesday|
www.americanbankingnews.com - October 24 at 6:12 AM
|Buy More Shopify Inc (US) While It’s Down|
investorplace.com - October 19 at 11:27 AM
|Comparing Shopify (SHOP) and Cnova NV (CNV)|
www.americanbankingnews.com - October 19 at 11:19 AM
|Shopify and DHL Express Partner to Empower Small Businesses to Go Global|
finance.yahoo.com - October 19 at 8:49 AM
|Shopify Inc (US) (SHOP) Paves Way for Global Markets with DHL Partnership|
finance.yahoo.com - October 19 at 8:49 AM
|[$$] Shopify Stock Seen Reaching $116|
finance.yahoo.com - October 19 at 8:48 AM
|Shopify Inc. (SHOP) Expected to Post Quarterly Sales of $165.99 Million|
www.americanbankingnews.com - October 18 at 7:20 AM
|Don’t Buy Into the Shopify Inc (US) Short Selling Hype|
investorplace.com - October 17 at 12:08 PM
|Shopify Inc (US) (SHOP) Stock: Has Citron Uncovered a Numbers Scheme?|
investorplace.com - October 17 at 5:24 AM
|Shopify Inc (US) (SHOP) Stock Is Hot and Only Getting Hotter|
investorplace.com - October 16 at 1:21 PM
|Shopify (SHOP) vs. MercadoLibre (MELI) Financial Review|
www.americanbankingnews.com - October 16 at 6:26 AM
|Shopify Inc. (SHOP) Stock Rating Lowered by BidaskClub|
www.americanbankingnews.com - October 14 at 12:36 AM
|Stock Offerings, Buybacks, Shorts, and Another Inexplicable Name Change|
finance.yahoo.com - October 13 at 2:13 AM
|Shopify (SHOP) and Its Competitors Head-To-Head Survey|
www.americanbankingnews.com - October 12 at 10:32 PM
Shopify (NYSE SHOP) Chart for Tuesday, November, 21, 2017