NYSE:SHOPShopify Stock Price, Forecast & News

Shopify's stock was trading at $422.31 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SHOP stock has increased by 130.2% and is now trading at $971.99.
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29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 sell ratings, 18 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Shopify.

Shopify is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Shopify.

Shopify Inc (NYSE:SHOP) released its quarterly earnings results on Wednesday, July, 29th. The software maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $1.04. The software maker earned $714.34 million during the quarter, compared to analysts' expectations of $511.56 million. Shopify had a positive return on equity of 0.32% and a negative net margin of 3.25%. The business's revenue was up 97.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 EPS.
View Shopify's earnings history.

29 brokers have issued 1 year target prices for Shopify's shares. Their forecasts range from $320.00 to $1,400.00. On average, they expect Shopify's stock price to reach $951.54 in the next year. This suggests that the stock has a possible downside of 2.1%.
View analysts' price targets for Shopify.

Press coverage about SHOP stock has trended extremely negative on Thursday, according to InfoTrie. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Shopify earned a news sentiment score of -4.1 on InfoTrie's scale. They also gave press coverage about the software maker a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term.
View the latest news about Shopify.

Shopify saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 2,430,000 shares, a decrease of 14.1% from the April 30th total of 2,830,000 shares. Based on an average trading volume of 3,790,000 shares, the short-interest ratio is presently 0.6 days.
View Shopify's Short Interest.

Some companies that are related to Shopify include Adobe (ADBE), SAP (SAP), salesforce.com (CRM), Oracle (ORCL), ServiceNow (NOW), Intuit (INTU), Activision Blizzard (ATVI), Square (SQ), VMware (VMW), Uber Technologies (UBER), Autodesk (ADSK), Dassault Systemes (DASTY), Electronic Arts (EA), Veeva Systems (VEEV) and Docusign (DOCU).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Shopify investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Trade Desk (TTD), Tesla (TSLA), Square (SQ), Paypal (PYPL), salesforce.com (CRM), Walt Disney (DIS) and Advanced Micro Devices (AMD).

(SHOP) raised $100 million in an initial public offering (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.

Shopify trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHOP."

Shopify's stock is owned by a variety of institutional and retail investors. Top institutional investors include Jennison Associates LLC (2.81%), Bank of Nova Scotia (0.71%), Discovery Value Fund (0.56%), Jarislowsky Fraser Ltd (0.49%), Swiss National Bank (0.38%) and Bank of New York Mellon Corp (0.35%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Toronto Dominion Bank, Ensign Peak Advisors Inc, Bank of New York Mellon Corp, Discovery Value Fund, First Trust Advisors LP, Atalanta Sosnoff Capital LLC, and Bessemer Group Inc..

SHOP stock was purchased by a variety of institutional investors in the last quarter, including Jennison Associates LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Jarislowsky Fraser Ltd, Principal Financial Group Inc., Alberta Investment Management Corp, Healthcare of Ontario Pension Plan Trust Fund, Swiss National Bank, and CIBC Asset Management Inc.

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.

One share of SHOP stock can currently be purchased for approximately $971.99.

Shopify has a market capitalization of $113.98 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.

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

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]