Shopify Stock Forecast, Price & News

$1,082.39
-37.96 (-3.39 %)
(As of 05/6/2021 12:15 PM ET)
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Today's Range
$1,067.16
$1,125.00
50-Day Range
$1,039.91
$1,288.80
52-Week Range
$669.00
$1,499.75
Volume44,890 shs
Average Volume1.37 million shs
Market Capitalization$132.62 billion
P/E Ratio689.42
Dividend YieldN/A
Beta1.6
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
CUSIPN/A
Phone613-241-2828
Employees7,000
Year Founded2004

Sales & Book Value

Annual Sales$1.58 billion
Book Value$25.90 per share

Profitability

Net Income$-124,840,000.00

Debt

Price-To-Earnings

Miscellaneous

Market Cap$132.62 billion
Next Earnings Date8/4/2021 (Estimated)
OptionableOptionable

Social Links

Headlines

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Shopify logo

About Shopify

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company's platform provides merchants to run their business in various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, and access financing. It also sells custom themes and apps, and registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

MarketRank

Overall MarketRank

1.62 out of 5 stars

Computer And Technology Sector

431st out of 1,563 stocks

Prepackaged Software Industry

96th out of 284 stocks

Analyst Opinion: 4.3Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.0 5 -4 -3 -2 -1 -
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Shopify (NYSE:SHOP) Frequently Asked Questions

Is Shopify a buy right now?

33 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 1 sell rating, 14 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Shopify stock.
View analyst ratings for Shopify
or view top-rated stocks.

What stocks does MarketBeat like better than Shopify?

Wall Street analysts have given Shopify a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Shopify wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Shopify?

Shopify saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 1,520,000 shares, a decline of 15.6% from the March 31st total of 1,800,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the short-interest ratio is currently 1.1 days.
View Shopify's Short Interest
.

When is Shopify's next earnings date?

Shopify is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Shopify
.

How were Shopify's earnings last quarter?

Shopify Inc. (NYSE:SHOP) posted its earnings results on Wednesday, April, 28th. The software maker reported $2.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.74 by $1.27. The software maker had revenue of $988.70 million for the quarter, compared to analysts' expectations of $851.43 million. Shopify had a net margin of 7.99% and a trailing twelve-month return on equity of 2.35%. Shopify's revenue for the quarter was up 110.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 earnings per share.
View Shopify's earnings history
.

How has Shopify's stock been impacted by Coronavirus?

Shopify's stock was trading at $422.31 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SHOP shares have increased by 156.3% and is now trading at $1,082.39.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for SHOP?

33 equities research analysts have issued 12-month target prices for Shopify's stock. Their forecasts range from $900.00 to $1,900.00. On average, they anticipate Shopify's share price to reach $1,393.97 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price.
View analysts' price targets for Shopify
or view top-rated stocks among Wall Street analysts.

Who are Shopify's key executives?

Shopify's management team includes the following people:
  • Mr. Tobias Lütke, Founder, Chairman & CEO (Age 40, Pay $615.92k)
  • Mr. Harley Michael Finkelstein, Pres (Age 38, Pay $423.44k) (LinkedIn Profile)
  • Ms. Amy E. Shapero, Chief Financial Officer (Age 58, Pay $538.93k) (LinkedIn Profile)
  • Ms. Brittany Forsyth, Chief Talent Officer (Age 34, Pay $307.96k) (LinkedIn Profile)
  • Mr. Toby Shannan, Chief Operating Officer (Age 51) (LinkedIn Profile)
  • Mr. Jean-Michel Lemieux, Chief Technology Officer (Age 48) (LinkedIn Profile)
  • Katie Keita, Sr. Director of Investor Relations
  • Mr. Joseph A. Frasca, Chief Legal Officer & Sec. (Age 47) (LinkedIn Profile)
  • Mr. Loren Padelford, GM & VP of Shopify Plus
  • Mr. Arpan Podduturi, Director of Product

What is Tobias Lütke's approval rating as Shopify's CEO?

468 employees have rated Shopify CEO Tobias Lütke on Glassdoor.com. Tobias Lütke has an approval rating of 93% among Shopify's employees. This puts Tobias Lütke in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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), Tesla (TSLA), Alibaba Group (BABA), Netflix (NFLX), Square (SQ), The Trade Desk (TTD), PayPal (PYPL), salesforce.com (CRM), The Walt Disney (DIS) and Advanced Micro Devices (AMD).

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 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 many different institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (4.79%), Sumitomo Mitsui Trust Holdings Inc. (0.71%), Nikko Asset Management Americas Inc. (0.45%), Barton Investment Management (0.19%), Tybourne Capital Management HK Ltd. (0.16%) and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp (0.09%).

Which institutional investors are selling Shopify stock?

SHOP stock was sold by a variety of institutional investors in the last quarter, including BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Tybourne Capital Management HK Ltd., Barton Investment Management, Atalanta Sosnoff Capital LLC, Daiwa Securities Group Inc., Gateway Investment Advisers LLC, PCJ Investment Counsel Ltd., and Scotia Capital Inc..

Which institutional investors are buying Shopify stock?

SHOP stock was acquired by a variety of institutional investors in the last quarter, including Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Baillie Gifford & Co., BNP PARIBAS ASSET MANAGEMENT Holding S.A., Envestnet Asset Management Inc., LA Financiere DE L Echiquier, Royal London Asset Management Ltd., and Glynn Capital Management 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Shopify's stock price today?

One share of SHOP stock can currently be purchased for approximately $1,082.39.

How much money does Shopify make?

Shopify has a market capitalization of $132.62 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.

How many employees does Shopify have?

Shopify employs 7,000 workers across the globe.

Does Shopify have any subsidiaries?

The following companies are subsidiares of Shopify: 6 River Systems, 6 River Systems LLC, Boltmade, Handshake, Helpful, Jet Cooper, Kit, Oberlo, Return Magic, Select Start Studios, Shopify Capital Inc., Shopify Commerce Singapore Pte. Ltd., Shopify Holdings (USA) Inc., Shopify International Limited, Shopify LLC, Shopify Payments (Canada) Inc., Shopify Payments (USA) Inc., Tictail, and Tiny Hearts.

When was Shopify founded?

Shopify was founded in 2004.

What is Shopify's official website?

The official website for Shopify is www.shopify.ca.

Where are Shopify's headquarters?

Shopify is headquartered at 150 Elgin Street 8th Floor, Ottawa A6, K2P 1L4.

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 5/6/2021 by MarketBeat.com Staff
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