NYSE:SHOPShopify Stock Price, Forecast & News

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 increased by 140.9% and is now trading at $1,017.30. View which stocks have been most impacted by Coronavirus.

30 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 10 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 Thursday, August 6th 2020. View our earnings forecast for Shopify.

Shopify Inc (NYSE:SHOP) issued its earnings results on Wednesday, May, 6th. The software maker reported $0.19 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.70) by $0.89. The software maker earned $470 million during the quarter, compared to the consensus estimate of $442.92 million. Shopify had a negative return on equity of 2.56% and a negative net margin of 7.65%. The company's revenue was up 46.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. View Shopify's earnings history.

30 Wall Street analysts have issued twelve-month target prices for Shopify's shares. Their forecasts range from $320.00 to $1,127.00. On average, they expect Shopify's share price to reach $694.63 in the next year. This suggests that the stock has a possible downside of 31.7%. View analysts' price targets for Shopify.

News articles about SHOP stock have trended negative recently, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Shopify earned a daily sentiment score of -2.1 on InfoTrie's scale. They also gave news articles about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Shopify.

Some companies that are related to Shopify include Adobe (ADBE), salesforce.com (CRM), SAP (SAP), Oracle (ORCL), Intuit (INTU), ServiceNow (NOW), VMware (VMW), Activision Blizzard (ATVI), Uber Technologies (UBER), Autodesk (ADSK), Square (SQ), Dassault Systemes (DASTY), Electronic Arts (EA), Veeva Systems (VEEV) and Docusign (DOCU). View all competitors.

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), Walt Disney (DIS), Tesla (TSLA), Square (SQ), Paypal (PYPL), salesforce.com (CRM) and Micron Technology (MU).

(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 acted 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 many different retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.08%), Spence Asset Management (0.01%), Chesley Taft & Associates LLC (0.00%), Confluence Investment Management LLC (0.00%), Paragon Advisors LLC (0.00%) and Farmers Trust Co. (0.00%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including Spence Asset Management, Confluence Investment Management LLC, Chesley Taft & Associates LLC, OmniStar Financial Group Inc., Ellevest Inc., and Park National Corp OH.

SHOP stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Paragon Advisors LLC, HBW Advisory Services LLC, Woodstock Corp, Diversified Trust Co, Cullinan Associates Inc., Wealth Alliance Advisory Group LLC, and Burns J W & Co. Inc. NY.

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 $1,017.30.

Shopify has a market capitalization of $119.29 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]