NYSE:SHOPShopify Stock Price, Forecast & News

$412.60

+34.06 (+9.00 %)

(As of 04/8/2020 02:55 PM ET)

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Today's Range

$381.31

Now: $412.60▼

$417.57

50-Day Range

$322.29

MA: $434.03▼

$543.21

52-Week Range

$195.32

Now: $412.60▼

$593.89

Volume2.73 million shs

Average Volume2.67 million shs

Market Capitalization$48.04 billion

P/E RatioN/A

Dividend YieldN/A

Beta1.15

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.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Shopify 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/Downside
According to analysts' consensus price target of $434.42, Shopify has a potential upside of 5.4% from its current price of $412.06.
Amount of Analyst Coverage
Shopify has been the subject of 20 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0 Community Rank

Outperform Votes
Shopify has received 1,167 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Shopify has received 767 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Shopify 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.

0.0 Dividend Strength

Dividend Yield
Shopify does not currently pay a dividend.
Dividend Growth
Shopify does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Shopify insiders have not sold or bought any company stock.
Percentage Held by Institutions
61.29% of the stock of Shopify is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Shopify are expected to decrease by -10.23% in the coming year, from ($2.15) to ($1.93) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Shopify is -371.22, 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. Sector
The P/E ratio of Shopify is -371.22, 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 Ratio
Shopify has a P/B Ratio of 15.91. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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/

Phone613-241-2828

Debt

Debt-to-Equity RatioN/A

Current Ratio8.68

Quick Ratio8.68

Price-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 / Sales30.44

Cash FlowN/A

Price / Cash FlowN/A

Book Value$25.90 per share

Price / Book15.93

Profitability

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 Shares116,428,000

Market Cap$48.04 billion

Next Earnings Date5/5/2020 (Estimated)

OptionableOptionable

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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 shares have decreased by 2.4% and is now trading at $412.06. View which stocks have been mosted 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) issued its quarterly earnings data 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 earned $505.16 million during the quarter, compared to analysts' expectations of $482.26 million. Shopify had a negative net margin of 7.91% and a negative return on equity of 2.69%. 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 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 equities research analysts have issued twelve-month 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 year. This suggests a possible upside of 5.4% 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?

Headlines about SHOP stock have been trending very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Shopify earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned news coverage about the software maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate 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), Splunk (SPLK) and Square (SQ).

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 Square (SQ).

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 initial public offering (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.

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 variety of institutional and retail investors. Top institutional shareholders include Xcel Wealth Management LLC (0.00%) and Park National Corp OH (0.00%).

Which institutional investors are selling Shopify stock?

SHOP stock was sold by a variety of institutional investors in the last quarter, including Park National Corp OH.

Which institutional investors are buying Shopify stock?

SHOP stock was bought by a variety of institutional investors in the last quarter, including Xcel Wealth 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 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 $412.06.

How big of a company is Shopify?

Shopify has a market capitalization of $47.98 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. 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 4/8/2020 by MarketBeat.com Staff

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