NYSE:SHOPShopify Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Shopify Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $417.74 +3.23 (+0.78 %) (As of 04/10/2020 03:04 AM ET) Add Compare Share Today's Range$413.00Now: $417.74▼$439.0050-Day Range$322.29MA: $428.64▼$543.2152-Week Range$202.51Now: $417.74▼$593.89Volume2.93 million shsAverage Volume2.68 million shsMarket Capitalization$48.64 billionP/E RatioN/ADividend YieldN/ABeta1.15 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was founded in 2004 and is headquartered in Ottawa, Canada.Read More Beat the Market (BTM) Rank™ 2.2 Analyst's Opinion Consensus RatingShopify has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 12 buy ratings, 14 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $434.42, Shopify has a potential upside of 4.0% from its current price of $417.74.Amount of Analyst CoverageShopify has been the subject of 20 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Community Rank Outperform VotesShopify has received 1,167 “outperform” votes. (Add your “outperform” vote.)Underperform VotesShopify has received 767 “underperform” votes. (Add your “underperform” vote.)Community SentimentShopify has received 60.34% “outperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldShopify does not currently pay a dividend.Dividend GrowthShopify does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Shopify insiders have not sold or bought any company stock.Percentage Held by Institutions61.29% of the stock of Shopify is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Shopify are expected to decrease by -11.47% in the coming year, from ($2.18) to ($1.93) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shopify is -376.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Shopify is -376.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioShopify has a P/B Ratio of 16.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.2Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.23 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:SHOP Previous Symbol CUSIPN/A CIK1594805 Webhttp://www.shopify.ca/ Phone613-241-2828Debt Debt-to-Equity RatioN/A Current Ratio8.68 Quick Ratio8.68Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$1.58 billion Price / Sales30.82 Cash FlowN/A Price / Cash FlowN/A Book Value$25.90 per share Price / Book16.13Profitability EPS (Most Recent Fiscal Year)($0.94) Net Income$-124,840,000.00 Net Margins-7.91% Return on Equity-2.69% Return on Assets-2.36%Miscellaneous Employees5,000 Outstanding Shares116,428,000Market Cap$48.64 billion Next Earnings Date5/5/2020 (Estimated) OptionableOptionable Receive SHOP News and Ratings via Email Sign-up to receive the latest news and ratings for SHOP and its competitors with MarketBeat's FREE daily newsletter. SHOP Rates by TradingView Shopify (NYSE:SHOP) Frequently Asked Questions How has Shopify's stock been impacted by COVID-19 (Coronavirus)? Shopify's stock was trading at $422.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SHOP stock has decreased by 1.1% and is now trading at $417.74. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Shopify? 29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 3 sell ratings, 14 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Shopify. When is Shopify's next earnings date? Shopify is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Shopify. How were Shopify's earnings last quarter? Shopify Inc (NYSE:SHOP) posted its quarterly earnings results on Wednesday, February, 12th. The software maker reported $0.07 earnings per share for the quarter, topping 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 analyst estimates 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. 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 (EPS) 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 Wall Street analysts have issued 1-year price targets for Shopify's shares. Their forecasts range from $209.00 to $650.00. On average, they expect Shopify's stock price to reach $434.42 in the next twelve months. This suggests a possible upside of 4.0% from the stock's current price. View analysts' price targets 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? News headlines about SHOP stock have been trending very negative on Friday, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Shopify earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave news stories about the software maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutShopify. Who are some of Shopify's key competitors? Some companies that are related to Shopify include Oracle (ORCL), Adobe (ADBE), SAP (SAP), salesforce.com (CRM), Intuit (INTU), VMware (VMW), ServiceNow (NOW), Activision Blizzard (ATVI), Uber Technologies (UBER), Dassault Systemes (DASTY), Autodesk (ADSK), Electronic Arts (EA), Veeva Systems (VEEV), Square (SQ) and ANSYS (ANSS). 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), Walt Disney (DIS), Paypal (PYPL), Tesla (TSLA), Advanced Micro Devices (AMD) and salesforce.com (CRM). Who are Shopify's key executives? Shopify's management team includes the following 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 served as the underwriters for the IPO and Pacific Crest Securities, Raymond James and Canaccord Genuity were co-managers. What is Shopify's stock symbol? Shopify trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHOP." Who are Shopify's major shareholders? Shopify's stock is owned by a number of institutional and retail investors. Top institutional shareholders include M&G Investment Management Ltd. (0.05%), Nadler Financial Group Inc. (0.00%), Confluence Investment Management LLC (0.00%), Xcel Wealth Management LLC (0.00%), Tuttle Tactical Management (0.00%) and XR Securities LLC (0.00%). Which institutional investors are selling Shopify stock? SHOP stock was sold by a variety of institutional investors in the last quarter, including XR Securities LLC, Park National Corp OH, Paragon Advisors LLC, Larson Financial Group LLC, and Confluence Investment Management LLC. Which institutional investors are buying Shopify stock? SHOP stock was purchased by a variety of institutional investors in the last quarter, including Xcel Wealth Management LLC, Tuttle Tactical Management, M&G Investment Management Ltd., Grassi Investment Management, Mitchell Mcleod Pugh & Williams Inc., Nadler Financial Group Inc., and PrairieView Partners LLC. 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 $417.74. How big of a company is Shopify? Shopify has a market capitalization of $48.64 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 5,000 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] This page was last updated on 4/10/2020 by MarketBeat.com StaffFeatured Article: Why is the ROA ratio important?
