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NYSE:SHOP

Shopify Stock Forecast, Price & News

$918.81
-35.44 (-3.71 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$910.70
Now: $918.81
$953.97
50-Day Range
$870.76
MA: $994.56
$1,134.32
52-Week Range
$282.08
Now: $918.81
$1,146.91
Volume1.78 million shs
Average Volume2.87 million shs
Market Capitalization$110.34 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.37
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community 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

Industry Prepackaged software
Sub-IndustryN/A
CUSIPN/A
Phone613-241-2828

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.58 billion
Book Value$25.90 per share

Profitability

Net Income$-124,840,000.00

Miscellaneous

Employees5,000
Market Cap$110.34 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$918.81
-35.44 (-3.71 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Shopify (NYSE:SHOP) Frequently Asked Questions

How has Shopify's stock price been impacted by COVID-19?

Shopify's stock was trading at $422.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SHOP shares have increased by 117.6% and is now trading at $918.81.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Shopify?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 sell ratings, 16 hold ratings and 10 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, November 3rd 2020.
View our earnings forecast for Shopify
.

How were Shopify's earnings last quarter?

Shopify Inc (NYSE:SHOP) released its earnings results on Wednesday, July, 29th. The software maker reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $1.04. The software maker earned $714.34 million during the quarter, compared to the consensus estimate 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 quarter last year, the business earned $0.10 EPS.
View Shopify's earnings history
.

What price target have analysts set for SHOP?

28 brokerages have issued 1 year target prices for Shopify's shares. Their forecasts range from $400.00 to $1,400.00. On average, they anticipate Shopify's share price to reach $1,002.35 in the next year. This suggests a possible upside of 9.1% from the stock's current price.
View analysts' price targets for Shopify
.

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), Trade Desk (TTD), Square (SQ), Paypal (PYPL), salesforce.com (CRM), Walt Disney (DIS) and Advanced Micro Devices (AMD).

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 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 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 retail and institutional investors. Top institutional investors include FMR LLC (6.97%), Jennison Associates LLC (2.81%), WCM Investment Management LLC (2.80%), Vanguard Group Inc. (2.63%), FIL Ltd (1.94%) and Bank of Nova Scotia (0.71%).

Which major investors are selling Shopify stock?

SHOP stock was sold by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., FMR LLC, Two Sigma Advisers LP, MUFG Securities EMEA plc, Sumitomo Mitsui Trust Holdings Inc., Toronto Dominion Bank, Ensign Peak Advisors Inc, and Mitsubishi UFJ Trust & Banking Corp.

Which major investors are buying Shopify stock?

SHOP stock was purchased by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Toronto Dominion Bank, Coatue Management LLC, Softbank Group Corp, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Jarislowsky Fraser Ltd, Vanguard Group Inc., and Balyasny Asset 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 $918.81.

How big of a company is Shopify?

Shopify has a market capitalization of $110.34 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.

What is Shopify's official website?

The official website for Shopify is 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 9/24/2020 by MarketBeat.com Staff

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