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 (WHO). Since then, SHOP shares have increased by 95.4% and is now trading at $825.17. View which stocks have been most impacted by Coronavirus.

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 sell ratings, 19 hold ratings and 8 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) released 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 analysts' expectations of $442.92 million. Shopify had a negative return on equity of 2.56% and a negative net margin of 7.65%. The business's revenue was up 46.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 EPS. View Shopify's earnings history.

29 analysts have issued 12 month price objectives for Shopify's shares. Their forecasts range from $264.00 to $860.00. On average, they anticipate Shopify's share price to reach $625.27 in the next year. This suggests that the stock has a possible downside of 24.2%. View analysts' price targets for Shopify.

Media headlines about SHOP stock have been trending very negative this week, InfoTrie reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Shopify earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave news stories about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutShopify.

Some companies that are related to Shopify include Adobe (ADBE), Oracle (ORCL), salesforce.com (CRM), SAP (SAP), Intuit (INTU), ServiceNow (NOW), Uber Technologies (UBER), Activision Blizzard (ATVI), VMware (VMW), Autodesk (ADSK), Dassault Systemes (DASTY), Square (SQ), Electronic Arts (EA), Veeva Systems (VEEV) and Splunk (SPLK). 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 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 a number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (5.14%), Morgan Stanley (4.57%), Capital World Investors (4.16%), WCM Investment Management LLC (2.81%), Jennison Associates LLC (2.52%) and Lone Pine Capital LLC (1.42%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including WCM Investment Management LLC, JPMorgan Chase & Co., Sands Capital Management LLC, Nuveen Asset Management LLC, Bank of New York Mellon Corp, Jennison Associates LLC, Franklin Resources Inc., and Two Sigma Advisers LP.

SHOP stock was bought by a variety of institutional investors in the last quarter, including Capital World Investors, Morgan Stanley, Advisor Group Holdings Inc., Discovery Value Fund, Canada Pension Plan Investment Board, The Manufacturers Life Insurance Company , Massachusetts Financial Services Co. MA, and Capital International Investors.

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 $825.17.

Shopify has a market capitalization of $96.76 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]