NYSE:SHOP Shopify Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Shopify Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $901.34 +30.58 (+3.51 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$866.85Now: $901.34▼$908.3750-Day Range$870.76MA: $1,006.92▼$1,134.3252-Week Range$282.08Now: $901.34▼$1,146.91Volume2.44 million shsAverage Volume2.89 million shsMarket Capitalization$108.25 billionP/E RatioN/ADividend YieldN/ABeta1.37 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.1 Analyst's Opinion Consensus RatingShopify has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 10 buy ratings, 16 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $983.46, Shopify has a forecasted upside of 9.1% from its current price of $901.34.Amount of Analyst CoverageShopify has been the subject of 22 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Community Rank Outperform VotesShopify has received 1,208 “outperform” votes. (Add your “outperform” vote.)Underperform VotesShopify has received 813 “underperform” votes. (Add your “underperform” vote.)Community SentimentShopify has received 59.77% “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. Previous Next 0.0 Dividend Strength Dividend YieldShopify does not currently pay a dividend.Dividend GrowthShopify does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Shopify insiders have not sold or bought any company stock.Percentage Held by Institutions59.45% of the stock of Shopify is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Shopify are expected to decrease in the coming year, from $0.16 to ($0.40) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shopify is -1,477.58, 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. SectorThe P/E ratio of Shopify is -1,477.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioShopify has a PEG Ratio of 177.57. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioShopify has a P/B Ratio of 34.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next 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 Stock Exchange NYSE Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:SHOP Previous Symbol CUSIPN/A CIK1594805 Webwww.shopify.ca Phone613-241-2828Debt Debt-to-Equity RatioN/A Current Ratio13.69 Quick Ratio13.69Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio5,633.38 P/E Growth177.57 Sales & Book Value Annual Sales$1.58 billion Price / Sales68.59 Cash FlowN/A Price / Cash FlowN/A Book Value$25.90 per share Price / Book34.80Profitability EPS (Most Recent Fiscal Year)($0.94) Net Income$-124,840,000.00 Net Margins-3.25% Return on Equity0.32% Return on Assets0.28%Miscellaneous Employees5,000 Outstanding Shares120,095,000Market Cap$108.25 billion Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $901.34 +30.58 (+3.51 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive SHOP News and Ratings via Email Sign-up to receive the latest news and ratings for SHOP and its competitors with MarketBeat's FREE daily newsletter. 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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SHOP shares have increased by 113.4% and is now trading at $901.34. 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) posted its earnings results on Wednesday, July, 29th. The software maker reported $1.05 EPS for the quarter, beating the consensus estimate of $0.01 by $1.04. The software maker earned $714.34 million during the quarter, compared to analysts' expectations of $511.56 million. Shopify had a negative net margin of 3.25% and a positive return on equity of 0.32%. The company's quarterly revenue was up 97.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. View Shopify's earnings history. What price target have analysts set for SHOP? 28 brokers have issued 1-year price objectives for Shopify's shares. Their forecasts range from $400.00 to $1,400.00. On average, they expect Shopify's stock price to reach $983.46 in the next year. This suggests a possible upside of 9.1% from the stock's current price. View analysts' price targets for Shopify. Are investors shorting Shopify? Shopify saw a decrease in short interest in June. As of June 15th, there was short interest totaling 1,940,000 shares, a decrease of 14.2% from the May 31st total of 2,260,000 shares. Based on an average trading volume of 3,560,000 shares, the days-to-cover ratio is presently 0.5 days. View Shopify's Short Interest. Who are some of Shopify's key competitors? Some companies that are related to Shopify include Adobe (ADBE), salesforce.com (CRM), SAP (SAP), Oracle (ORCL), ServiceNow (NOW), Intuit (INTU), Square (SQ), Activision Blizzard (ATVI), VMware (VMW), Autodesk (ADSK), Dassault Systemes (DASTY), Veeva Systems (VEEV), Electronic Arts (EA), Docusign (DOCU) and Twilio (TWLO). View all 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 (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. 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 number of retail and institutional investors. Top institutional shareholders 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 $901.34. How big of a company is Shopify? Shopify has a market capitalization of $108.25 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 9/19/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
