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NYSE:SHOP - Shopify Stock Price, Forecast & News

$520.66
-14.92 (-2.79 %)
(As of 02/21/2020 04:00 PM ET)
Today's Range
$511.61
Now: $520.66
$534.60
50-Day Range
$404.29
MA: $467.47
$543.21
52-Week Range
$179.36
Now: $520.66
$593.89
Volume1.93 million shs
Average Volume2.39 million shs
Market Capitalization$60.05 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$1.58 billion
Book Value$26.15 per share

Profitability

Net Income$-124,840,000.00

Miscellaneous

Employees4,000
Market Cap$60.05 billion
Next Earnings Date5/5/2020 (Estimated)
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) released its earnings results on Wednesday, February, 12th. The software maker reported $0.07 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.22) by $0.29. The software maker had revenue of $505.16 million for the quarter, compared to analysts' expectations of $482.26 million. Shopify had a negative return on equity of 2.69% and a negative net margin of 7.91%. View Shopify's Earnings History.

When is Shopify's next earnings date?

Shopify is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Shopify.

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

Shopify issued an update on its FY 2020 Pre-Market earnings guidance on Wednesday, February, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.13-2.16 billion, compared to the consensus revenue estimate of $2.11 billion.

What price target have analysts set for SHOP?

29 brokerages have issued twelve-month price targets for Shopify's stock. Their forecasts range from $209.00 to $675.00. On average, they anticipate Shopify's stock price to reach $473.00 in the next twelve months. This suggests that the stock has a possible downside of 9.2%. View Analyst Price Targets for Shopify.

What is the consensus analysts' recommendation for Shopify?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 3 sell ratings, 13 hold ratings and 13 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 is benefiting from robust performance of platforms such as Shopify Shipping, Shopify Payments and Shopify Capital. The company is benefiting from a diversified expanding merchant base. Notably, shares of Shopify have outperformed the industry in the past year. The company continues to launch merchant-friendly applications to meet requirements of a dynamic retail environment, which in turn will bolster merchant base. Further, international expansion efforts and innovative expansion of services augurs well. 6 River Systems buyout is expected to boost growth of Shopify’s fulfillment network. However, increasing investments on product development and platform are likely to limit margin expansion." (1/22/2020)
  • 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?

Media stories about SHOP stock have trended very negative this week, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Shopify earned a news sentiment score of -3.5 on InfoTrie's scale. They also gave media headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. 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), Trade Desk (TTD), Paypal (PYPL), Walt Disney (DIS), Advanced Micro Devices (AMD), Twilio (TWLO) and Square (SQ).

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 $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 many different of retail and institutional investors. Top institutional investors include FMR LLC (7.96%), Baillie Gifford & Co. (5.24%), WCM Investment Management LLC (4.13%), Jennison Associates LLC (2.78%), Capital World Investors (2.50%) and FIL Ltd (1.91%).

Which major investors are selling Shopify stock?

SHOP stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Abdiel Capital Advisors LP, Zevenbergen Capital Investments LLC, Principal Financial Group Inc., Great West Life Assurance Co. Can, Franklin Resources Inc., Alberta Investment Management Corp and Connor Clark & Lunn Investment Management Ltd..

Which major investors are buying Shopify stock?

SHOP stock was acquired by a variety of institutional investors in the last quarter, including Capital World Investors, Jennison Associates LLC, Discovery Value Fund, Bank of New York Mellon Corp, Lord Abbett & CO. LLC, Massachusetts Financial Services Co. MA, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp and Sumitomo Mitsui Trust Holdings 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 $520.66.

How big of a company is Shopify?

Shopify has a market capitalization of $60.05 billion and generates $1.58 billion in revenue each year. The software maker earns $-124,840,000.00 in net income (profit) each year or ($0.94) 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:  3.0 out of 5 (star star star)
Outperform Votes:  1,126 (Vote Outperform)
Underperform Votes:  732 (Vote Underperform)
Total Votes:  1,858
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 2/22/2020 by MarketBeat.com Staff

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