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Shopify Stock Price, News & Analysis (NYSE:SHOP)

$314.34
-17.00 (-5.13 %)
(As of 10/18/2019 04:00 PM ET)
Today's Range
$312.13
Now: $314.34
$335.00
50-Day Range
$294.12
MA: $337.62
$397.06
52-Week Range
$117.64
Now: $314.34
$409.61
Volume2.55 million shs
Average Volume2.56 million shs
Market Capitalization$35.37 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.19
Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone613-241-2828

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.07 billion
Book Value$18.94 per share

Profitability

Net Income$-64,550,000.00

Miscellaneous

Employees4,000
Market Cap$35.37 billion
Next Earnings Date10/29/2019 (Confirmed)
OptionableOptionable

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Shopify (NYSE:SHOP) Frequently Asked Questions

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) issued its earnings results on Thursday, August, 1st. The software maker reported $0.14 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.31) by $0.45. The software maker earned $361.98 million during the quarter, compared to analyst estimates of $350.59 million. Shopify had a negative net margin of 5.98% and a negative return on equity of 3.85%. Shopify's revenue for the quarter was up 47.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share. View Shopify's Earnings History.

When is Shopify's next earnings date?

Shopify is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for Shopify.

How can I listen to Shopify's earnings call?

Shopify will be holding an earnings conference call on Tuesday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What guidance has Shopify issued on next quarter's earnings?

Shopify issued an update on its third quarter 2019 earnings guidance on Thursday, August, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $377-382 million, compared to the consensus revenue estimate of $373.99 million.

What price target have analysts set for SHOP?

27 brokers have issued 1 year price targets for Shopify's shares. Their predictions range from $200.00 to $492.00. On average, they expect Shopify's stock price to reach $340.23 in the next year. This suggests a possible upside of 8.2% from the stock's current price. View Analyst Price Targets for Shopify.

What is the consensus analysts' recommendation for Shopify?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 sell ratings, 10 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 delivered stellar second-quarter results. Robust performance of Shopify Shipping, Shopify Payments and Shopify Capital drove top-line growth. The company is benefiting from a diversified expanding merchant base. Moreover, impressive guidance for forthcoming quarter and raised fiscal 2019 outlook instill optimism in the stock. Notably, shares of Shopify have outperformed the industry on a year-to-date basis. The company continues to launch merchant-friendly applications to meet the requirements of a dynamic retail environment, which in turn will bolster merchant base. Initiatives aimed at international expansion bode well. However, increasing investments on development of fulfillment network, infrastructure and platform are likely to weigh on margins. Further, lack of significant presence in the Asia-Pacific market is a headwind." (8/9/2019)
  • 2. Rosenblatt Securities analysts commented, "We reiterate our Buy rating and raise our DCF-based PT from $395 to $410. Latest POS software and hardware stack ready to scale upstream. SHOP’s POS software and hardware kit were both upgraded this past 2Q with feature sets that close the gap between small to large brick and mortar (B&M) needs. Nearly 100k B&M retailers, ~10% of SHOP’s merchant base, use SHOP’s POS app, which seamlessly syncs a mobile device to an online SHOP store, enabling an associate to sell product in-person anywhere a customer is present. Orders and inventory can then be managed and tracked across multiple sales channels on the app. SHOP’s proprietary hardware kit (cash drawer, receipt printer, barcode scanner etc.) completes the out of the box SHOP on/offline storefront." (8/2/2019)

Has Shopify been receiving favorable news coverage?

News coverage about SHOP stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Shopify earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned media headlines about the software maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Shopify.

Who are some of Shopify's key competitors?

What other stocks do shareholders of Shopify own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Shopify investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Micron Technology (MU), Twilio (TWLO), Trade Desk (TTD), Square (SQ), Paypal (PYPL), Walt Disney (DIS) and salesforce.com (CRM).

Who are Shopify's key executives?

Shopify's management team includes the folowing people:
  • Mr. Tobias Lütke, Founder, Chairman & CEO (Age 38)
  • Mr. Harley Michael Finkelstein, Chief Operating Officer (Age 36)
  • Mr. Craig Stuart Miller, Chief Product Officer (Age 36)
  • Mr. Jean-Michel Lemieux, Sr. VP of Engineering (Age 46)
  • Ms. Amy E. Shapero, Chief Financial Officer (Age 56)

When did Shopify IPO?

(SHOP) raised $100 million in an IPO 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 are Shopify's major shareholders?

Shopify's stock is owned by a number of of institutional and retail investors. Top institutional investors include Barton Investment Management (0.27%), Stephens Investment Management Group LLC (0.15%), Commerzbank Aktiengesellschaft FI (0.11%), Envestnet Asset Management Inc. (0.11%), Addenda Capital Inc. (0.04%) and Atalanta Sosnoff Capital LLC (0.03%).

Which institutional investors are selling Shopify stock?

SHOP stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Atalanta Sosnoff Capital LLC, Avitas Wealth Management LLC, Barton Investment Management, CIBC Private Wealth Group LLC, Addenda Capital Inc., NEXT Financial Group Inc and Park National Corp OH.

Which institutional investors are buying Shopify stock?

SHOP stock was acquired by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, Varma Mutual Pension Insurance Co, Tuttle Tactical Management, Covenant Asset Management LLC, Stephens Investment Management Group LLC, Altman Advisors Inc., Chesley Taft & Associates LLC and Dfpg Investments Inc..

How do I buy shares of Shopify?

Shares of SHOP 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, Robinhood, Fidelity and Charles Schwab.

What is Shopify's stock price today?

One share of SHOP stock can currently be purchased for approximately $314.34.

How big of a company is Shopify?

Shopify has a market capitalization of $35.37 billion and generates $1.07 billion in revenue each year. The software maker earns $-64,550,000.00 in net income (profit) each year or ($0.61) on an earnings per share basis. Shopify employs 4,000 workers across the globe.View Additional Information About Shopify.

What is Shopify's official website?

The official website for Shopify is http://www.shopify.ca/.

How can I contact Shopify?

Shopify's mailing address is 150 Elgin Street 8th Floor, Ottawa A6, K2P 1L4. The software maker can be reached via phone at 613-241-2828 or via email at [email protected]


MarketBeat Community Rating for Shopify (NYSE SHOP)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  994 (Thanks for Voting!)
Underperform Votes:  620 (Thanks for Voting!)
Total Votes:  1,614
MarketBeat's community ratings are surveys of what our community members think about Shopify and other stocks. Vote "Outperform" if you believe SHOP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SHOP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/19/2019 by MarketBeat.com Staff

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