Shopify Stock Price, News & Analysis (NYSE:SHOP)

$318.82
-6.18 (-1.90 %)
(As of 09/20/2019 04:00 PM ET)
Today's Range
$312.00
Now: $318.82
$330.90
50-Day Range
$317.0371
MA: $361.85
$404.42
52-Week Range
$117.64
Now: $318.82
$409.61
Volume2.73 million shs
Average Volume2.75 million shs
Market Capitalization$35.56 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.23
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.07 billion
Book Value$18.94 per share

Profitability

Net Income$-64,550,000.00

Miscellaneous

Employees4,000
Market Cap$35.56 billion
Next Earnings Date10/24/2019 (Estimated)
OptionableOptionable

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Shopify (NYSE:SHOP) Frequently Asked Questions

What is Shopify's stock symbol?

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

How were Shopify's earnings last quarter?

Shopify Inc (NYSE:SHOP) posted its earnings results on Thursday, August, 1st. The software maker reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of ($0.31) by $0.45. The software maker had revenue of $361.98 million for the quarter, compared to the consensus estimate of $350.59 million. Shopify had a negative return on equity of 3.85% and a negative net margin of 5.98%. The business's revenue for the quarter was up 47.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 EPS. View Shopify's Earnings History.

When is Shopify's next earnings date?

Shopify is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Shopify.

What guidance has Shopify issued on next quarter's earnings?

Shopify issued an update on its third quarter 2019 earnings guidance on Thursday, August, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $377-382 million, compared to the consensus revenue estimate of $373.99 million.

What price target have analysts set for SHOP?

26 brokers have issued 1 year target prices for Shopify's shares. Their forecasts range from $200.00 to $481.00. On average, they expect Shopify's stock price to reach $334.16 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price. View Analyst Price Targets for Shopify.

What is the consensus analysts' recommendation for Shopify?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 sell ratings, 10 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings 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 delivered stellar second-quarter results. Robust performance of Shopify Shipping, Shopify Payments and Shopify Capital drove top-line growth. The company is benefiting from a diversified expanding merchant base. Moreover, impressive guidance for forthcoming quarter and raised fiscal 2019 outlook instill optimism in the stock. Notably, shares of Shopify have outperformed the industry on a year-to-date basis. The company continues to launch merchant-friendly applications to meet the requirements of a dynamic retail environment, which in turn will bolster merchant base. Initiatives aimed at international expansion bode well. However, increasing investments on development of fulfillment network, infrastructure and platform are likely to weigh on margins. Further, lack of significant presence in the Asia-Pacific market is a headwind." (8/9/2019)
  • 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?

News coverage about SHOP stock has trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media 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 five, with scores nearest to five being the most favorable. Shopify earned a coverage optimism score of -1.3 on InfoTrie's scale. They also gave news headlines about the software maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Shopify.

Are investors shorting Shopify?

Shopify saw a drop in short interest during the month of August. As of August 15th, there was short interest totalling 3,652,000 shares, a drop of 17.8% from the July 15th total of 4,443,500 shares. Based on an average daily trading volume, of 1,850,000 shares, the short-interest ratio is presently 2.0 days. Currently, 3.8% of the company's stock are short sold. View Shopify's Current Options Chain.

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), Alibaba Group (BABA), Netflix (NFLX), Micron Technology (MU), Twilio (TWLO), Square (SQ), Trade Desk (TTD), Paypal (PYPL), Advanced Micro Devices (AMD) and Walt Disney (DIS).

Who are Shopify's key executives?

Shopify's management team includes the folowing 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 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.

Who are Shopify's major shareholders?

Shopify's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (5.75%), WCM Investment Management LLC (4.96%), Morgan Stanley (3.16%), Price T Rowe Associates Inc. MD (3.15%), Vanguard Group Inc. (2.44%) and Thoroughbred Financial Services LLC (1.38%).

Which institutional investors are selling Shopify stock?

SHOP stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, WCM Investment Management LLC, Morgan Stanley, Wells Fargo & Company MN, Renaissance Technologies LLC, Abdiel Capital Advisors LP, Jennison Associates LLC and Jennison Associates LLC.

Which institutional investors are buying Shopify stock?

SHOP stock was bought by a variety of institutional investors in the last quarter, including Thoroughbred Financial Services LLC, Baillie Gifford & Co., Bessemer Group Inc., Bank of America Corp DE, National Pension Service, Toronto Dominion Bank, Toronto Dominion Bank and CIBC Asset Management Inc.

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 $318.82.

How big of a company is Shopify?

Shopify has a market capitalization of $35.56 billion and generates $1.07 billion in revenue each year. The software maker earns $-64,550,000.00 in net income (profit) each year or ($0.61) on an earnings per share basis. Shopify employs 4,000 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]


MarketBeat Community Rating for Shopify (NYSE SHOP)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  980 (Vote Outperform)
Underperform Votes:  606 (Vote Underperform)
Total Votes:  1,586
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.
This page was last updated on 9/21/2019 by MarketBeat.com Staff

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