Shopify Company Profile (NYSE:SHOP)

About Shopify (NYSE:SHOP)

Shopify logoShopify Inc. (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company's software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces. The Shopify platform provides merchants with a single view of their business and customers across all of their sales channels and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships and leverage analytics and reporting all from one integrated back office. The Shopify platform includes a mobile-optimized checkout system, which is designed to enable merchants' consumers to buy products over mobile Websites. Its merchants are able to offer their customers the ability to check out by using Apple Pay.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: E-commerce & Auction Services
  • Sub-Industry: N/A
  • Symbol: NYSE:SHOP
  • CUSIP: N/A
  • Web:
  • Market Cap: $10.18789 billion
  • Outstanding Shares: 98,555,000
Average Prices:
  • 50 Day Moving Avg: $120.50
  • 200 Day Moving Avg: $120.50
  • 52 Week Range: $37.74 - $123.94
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -259.33
  • P/E Growth: -122.42
Sales & Book Value:
  • Annual Revenue: $509 million
  • Price / Sales: 23.10
  • Book Value: $9.92 per share
  • Price / Book: 12.03
  • EBIDTA: ($34,470,000.00)
  • Net Margins: -8.96%
  • Return on Equity: -8.26%
  • Return on Assets: -7.14%
  • Debt-to-Equity Ratio: 0.01%
  • Current Ratio: 11.80%
  • Quick Ratio: 11.80%
  • Average Volume: 1.33 million shs.
  • Beta: 1.19
  • Short Ratio: 1.51

Frequently Asked Questions for Shopify (NYSE:SHOP)

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) announced its quarterly earnings results on Tuesday, August, 1st. The company reported ($0.15) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.20) by $0.05. The company had revenue of $151.70 million for the quarter, compared to analyst estimates of $143.94 million. Shopify had a negative net margin of 8.96% and a negative return on equity of 8.26%. Shopify's revenue for the quarter was up 75.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.04) EPS. View Shopify's Earnings History.

When will Shopify make its next earnings announcement?

Shopify is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Shopify.

Where is Shopify's stock going? Where will Shopify's stock price be in 2017?

37 brokerages have issued 12-month price targets for Shopify's shares. Their predictions range from $45.00 to $146.00. On average, they anticipate Shopify's stock price to reach $93.76 in the next twelve months. View Analyst Ratings for Shopify.

What are analysts saying about Shopify stock?

Here are some recent quotes from research analysts about Shopify stock:

  • 1. According to Zacks Investment Research, "Shopify's second-quarter 2017 results were impressive. The company's year-over-year revenue growth showed that Shopify’s cloud-based, multi-tenant, omni-channel, scalable platform is gaining adoption. The company continues to win new merchants, which surpassed 0.5 million at the end of quarter. The company is benefiting from retail’s rapid transition to mobile and social sales channels. Moreover, availability of Apple Pay and addition of eBay, Amazon and Facebook Messenger as sales channels are significant positives. Shopify has outperformed the broader industry on a year-to-date basis. However, the company’s increasing investments on product development, infrastructure and platform will continue to hurt profitability at least in 2017. We observe that the company is yet to report profit, which doesn’t augur well for investors." (8/7/2017)
  • 2. Maxim Group analysts commented, "Shopify’s 1Q17 sales, adj. EBITDA, and adj." (5/3/2017)
  • 3. BTIG Research analysts commented, "The +60% run in the stock YTD may trigger thoughts of irrational exuberance (or at least lofty expectations), but we view it instead as the natural outcome when a company achieves perfect product/market fit. It's no secret that digital commerce is a long run secular trend (the market piece of the puzzle), and no one makes it easier to participate in it than Shopify (the product piece). By effectively growing the pool of sellers beyond traditional retailers and Amazon (AMZN, Not Rated), the company has claimed a disproportionate share of gross merchandise value. And despite stellar performance since going public in May 2015, we still think Shopify is in the early stages of its growth cycle; a perfect product/market fit (along with a benign competitive environment) should sustain its strong trajectory. Expectations are rising as investors start to appreciate the company's true potential, and a valuation of 7x EV/FY18 Revenues may look lofty to some; however, we believe that the incredible product/market fit justifies the premium. Moreover, it should also serve as the foundation for continued financial outperformance. Maintain Buy." (3/21/2017)
  • 4. Pacific Crest analysts commented, "With considerable runway ahead and multiple upside drivers, Shopify continues to be our favorite growth name to own. We are rolling out our 2021 model, and see a path to $1.7 billion in revenue and $90 billion in GMV, which would make Shopify a key data asset. Given its leading SaaS growth, a premium valuation is deserved. We are buyers and are raising our target to $78 (from $66)." (3/21/2017)
  • 5. Wedbush analysts commented, "We expect Shopify to continue to grow at above-ecommerce market growth rates for the foreseeable future as it continues to penetrate its sizable SMB TAM and makes in-roads with larger brands. FY16 ends on a high note. Q4 results topped expectations as revenue grew 86% YoY to $130.4 million coming in well ahead of both consensus of $121.6 million and the guidance range of $120-$122 million. Revenue growth was driven by strong execution across the board." (2/16/2017)

Who are some of Shopify's key competitors?

Who are Shopify's key executives?

Shopify's management team includes the folowing people:

  • Tobias Albin Lutke, Chairman of the Board, Chief Executive Officer, Co-Founder
  • Russell Norman Jones, Chief Financial Officer
  • Harley Michael Finkelstein, Chief Operating Officer
  • Joseph Andrew Frasca, Senior Vice President, General Counsel, Secretary
  • Brittany Jean Forsyth, Senior Vice President - Human Relations
  • Jean-Michel Lemieux, Senior Vice President - Engineering
  • Toby Shannan, Senior Vice President - Support
  • Craig Stuart Miller, Chief Marketing Officer
  • Daniel Weinand, Chief Design Officer
  • Robert Gerard Ashe, Lead Independent Director

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.

Who owns Shopify stock?

Shopify's stock is owned by a variety of of institutional and retail investors. Top institutional investors include FMR LLC (12.74%), Coatue Management LLC (2.66%), Abdiel Capital Advisors LP (1.78%), Whale Rock Capital Management LLC (0.98%), Zevenbergen Capital Investments LLC (0.85%) and Bank of New York Mellon Corp (0.88%). View Institutional Ownership Trends for Shopify.

Who sold Shopify stock? Who is selling Shopify stock?

Shopify's stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Lord Abbett & CO. LLC, Abdiel Capital Advisors LP, Light Street Capital Management LLC, Scge Management L.P., CI Investments Inc., The Manufacturers Life Insurance Company and JPMorgan Chase & Co.. View Insider Buying and Selling for Shopify.

Who bought Shopify stock? Who is buying Shopify stock?

Shopify's stock was acquired by a variety of institutional investors in the last quarter, including Coatue Management LLC, FMR LLC, Public Sector Pension investment Board, Franklin Resources Inc., Toronto Dominion Bank, TD Asset Management Inc., Zevenbergen Capital Investments LLC and Sumitomo Mitsui Trust Holdings Inc.. View Insider Buying and Selling for Shopify.

How do I buy Shopify stock?

Shares of Shopify can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Shopify's stock price today?

One share of Shopify stock can currently be purchased for approximately $119.29.

MarketBeat Community Rating for Shopify (NYSE SHOP)
Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  439 (Vote Outperform)
Underperform Votes:  249 (Vote Underperform)
Total Votes:  688
MarketBeat's community ratings are surveys of what our community members think about Shopify and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Shopify (NYSE:SHOP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 16 Hold Ratings, 20 Buy Ratings
Consensus Rating:Buy (Score: 2.51)
Consensus Price Target: $93.76 (21.40% downside)

Analysts' Ratings History for Shopify (NYSE:SHOP)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/20/2017MacquarieBoost Price TargetOutperform$121.00 -> $146.00MediumView Rating Details
9/8/2017KeyCorpReiterated RatingBuy$116.00LowView Rating Details
9/6/2017DA DavidsonInitiated CoverageNeutral -> Neutral$95.00HighView Rating Details
9/5/2017Piper Jaffray CompaniesReiterated RatingBuy$110.00LowView Rating Details
8/24/2017Ifs SecuritiesInitiated CoverageOutperform$115.00MediumView Rating Details
8/9/2017Oppenheimer Holdings, Inc.Reiterated RatingHoldHighView Rating Details
8/8/2017Royal Bank Of CanadaReiterated RatingSector Perform$78.00 -> $99.00MediumView Rating Details
8/8/2017WedbushReiterated RatingOutperform$100.00 -> $115.00MediumView Rating Details
8/2/2017Barclays PLCReiterated RatingEqual Weight$70.00 -> $90.00LowView Rating Details
8/2/2017Roth CapitalSet Price TargetBuy$117.00HighView Rating Details
8/2/2017Canaccord GenuityReiterated RatingBuy$90.00 -> $115.00HighView Rating Details
8/2/2017Robert W. BairdBoost Price TargetOutperform$95.00 -> $110.00HighView Rating Details
7/13/2017William BlairReiterated RatingMarket PerformLowView Rating Details
7/12/2017Benchmark Co.Initiated CoverageHold -> HoldHighView Rating Details
6/26/2017SunTrust Banks, Inc.Initiated CoverageHold$90.00HighView Rating Details
6/23/2017StephensReiterated RatingEqual Weight$97.00HighView Rating Details
6/13/2017Goldman Sachs Group, Inc. (The)DowngradeBuy -> Neutral$100.80 -> $96.00LowView Rating Details
5/26/2017Industrial Alliance SecuritiesBoost Price TargetBuy$87.00 -> $134.00LowView Rating Details
5/23/2017CSFBReiterated RatingOutperform$128.00LowView Rating Details
5/23/2017Credit Suisse GroupReiterated RatingOutperform -> Outperform$95.00LowView Rating Details
5/3/2017Morgan StanleyBoost Price TargetEqual Weight$80.00 -> $87.00LowView Rating Details
5/3/2017Eight CapitalUpgradeNeutral -> BuyLowView Rating Details
5/3/2017Maxim GroupReiterated RatingHoldLowView Rating Details
5/3/2017Bank of America CorporationDowngradeNeutral -> Underperform$62.00 -> $84.00MediumView Rating Details
5/1/2017Monness Crespi & HardtDowngradeBuy -> NeutralHighView Rating Details
4/27/2017BTIG ResearchDowngradeBuy -> NeutralLowView Rating Details
4/26/2017Raymond James Financial, Inc.DowngradeOutperform -> Sector Perform$104.50MediumView Rating Details
4/23/2017MackieReiterated RatingBuy$70.00 -> $95.00MediumView Rating Details
3/21/2017Pacific CrestBoost Price TargetOverweight$66.00 -> $78.00HighView Rating Details
3/2/2017National Bank FinancialReiterated RatingOutperform$80.00N/AView Rating Details
2/16/2017Summit RedstoneBoost Price TargetBuy$48.00 -> $69.00N/AView Rating Details
2/16/2017Susquehanna Bancshares IncBoost Price TargetBuy$48.00 -> $69.00N/AView Rating Details
2/16/2017Summit ResearchBoost Price TargetBuy$48.00 -> $69.00N/AView Rating Details
1/5/2017Rosenblatt SecuritiesReiterated RatingBuy$50.00N/AView Rating Details
12/1/2016Citigroup Inc.Initiated CoverageMarket PerformN/AView Rating Details
10/17/2016Dundee SecuritiesInitiated CoverageNeutral$45.00N/AView Rating Details
9/29/2016CIBCInitiated CoverageSector OutperformN/AView Rating Details
4/14/2016Paradigm CapitalInitiated CoverageBuy$35.00N/AView Rating Details
(Data available from 9/22/2015 forward)


Earnings History for Shopify (NYSE:SHOP)
Earnings by Quarter for Shopify (NYSE:SHOP)
Earnings History by Quarter for Shopify (NYSE SHOP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017($0.01)N/AView Earnings Details
8/1/20176/30/2017($0.20)($0.15)$143.94 million$151.70 millionViewListenView Earnings Details
5/2/20173/31/2017($0.22)($0.15)$121.67 million$127.40 millionViewListenView Earnings Details
11/2/2016Q316($0.03)($0.02)$94.62 million$99.60 millionViewN/AView Earnings Details
8/3/2016Q216($0.08)($0.04)$80.62 million$86.36 millionViewN/AView Earnings Details
5/4/2016Q116($0.09)($0.06)$66.89 million$72.70 millionViewN/AView Earnings Details
2/17/2016Q415($0.06)($0.01)$61.20 million$70.20 millionViewListenView Earnings Details
11/4/2015Q315($0.06)($0.06)$47.64 million$52.80 millionViewN/AView Earnings Details
7/30/2015Q215($0.12)($0.03)$38.10 million$44.90 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Shopify (NYSE:SHOP)
Current Year EPS Consensus Estimate: $-0.6 EPS
Next Year EPS Consensus Estimate: $-0.46 EPS


Dividend History for Shopify (NYSE:SHOP)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading History for Shopify (NYSE:SHOP)
No insider trades for this company have been tracked by


Headline Trends for Shopify (NYSE:SHOP)
Latest Headlines for Shopify (NYSE:SHOP)
DateHeadline logoContrasting Cnova NV (CNV) & Shopify (SHOP) - September 22 at 4:08 AM logoReviewing Shopify (SHOP) & The Competition - September 20 at 4:12 PM logo3 Big Stock Charts for Wednesday: Shopify Inc (US) (SHOP), FireEye Inc (FEYE) and Micron Technology, Inc. (MU) - September 20 at 1:07 PM logoShopify Inc. (SHOP) PT Raised to $146.00 - September 20 at 11:58 AM logoHead to Head Analysis: Shopify (SHOP) and Its Peers - September 20 at 12:16 AM logoShopify May Have A Broken Business Model - September 19 at 7:39 AM logoFinancial Comparison: Shopify Inc (US) (SHOP) & The Competition - September 14 at 10:33 AM logoShopify Inc. (SHOP) Receives Average Rating of "Buy" from Analysts - September 12 at 12:48 PM logoAnalyzing Shopify (SHOP) and The Trade Desk (TTD) - September 12 at 11:16 AM logoShopify Inc. (SHOP) Expected to Post Quarterly Sales of $165.99 Million - September 11 at 11:30 AM logo Brokerages Expect Shopify Inc. (SHOP) Will Post Earnings of -$0.02 Per Share - September 9 at 8:42 AM logoCan Shopify Inc. Continue Its Impressive Climb? - September 9 at 8:28 AM logoShopify's (SHOP) Buy Rating Reiterated at KeyCorp - September 8 at 8:20 AM logoShopify Inc. (SHOP) Coverage Initiated at DA Davidson - September 6 at 5:16 PM logoShopify Inc. (SHOP) Stock Rating Reaffirmed by Piper Jaffray Companies - September 5 at 9:10 PM logoInvestors Buy High Volume of Shopify Put Options (SHOP) - September 2 at 2:22 AM logoShopify (SHOP) Up 6.5% Since Earnings Report: Can It Continue? - September 1 at 8:40 AM logoToday's Research Reports on Stocks to Watch: Netflix and Shopify - August 31 at 10:01 AM logoThis Tech Stock Is Up 500% Since Its IPO. Have You Heard of It? - August 29 at 7:50 AM logoShopify Inc. (SHOP) Cut to Buy at Vetr Inc. - August 27 at 1:08 PM logoBidaskClub Upgrades Shopify Inc. (SHOP) to "Strong-Buy" - August 25 at 4:48 PM logo3 Big Stock Charts for Friday: Shopify Inc (US) (SHOP), Alibaba Group Holding Ltd (BABA) and Broadcom Ltd (AVGO) - August 25 at 1:09 PM logoRetail Isn't Dead, It Just Smells Funny - August 25 at 11:37 AM logoRetail Isn't Dead, It Just Smells Funny - August 25 at 11:37 AM logoShopify (SHOP) versus The Trade Desk (TTD) Head to Head Contrast - August 25 at 4:10 AM logoIfs Securities Begins Coverage on Shopify Inc. (SHOP) - August 24 at 4:34 PM - Is Shopify Inc. a Buy at the $120 Level? - - August 24 at 12:38 PM logoIs Shopify Inc. a Buy at the $120 Level? - - August 23 at 11:29 AM logoBetter Buy: Shopify Inc. vs. eBay Inc. - August 18 at 9:23 PM logoShopify Inc. (SHOP) Given Average Recommendation of "Buy" by Brokerages - August 18 at 12:48 PM logoTodays Research Reports on Mitel Networks Corporation, CAE Inc., BlackBerry Limited and Shopify Inc. - August 17 at 8:26 AM logoShutterstock Looks to Canada for Original Video and Music Push - August 16 at 7:29 AM logoShopify, Inc. breached its 50 day moving average in a Bullish Manner : SHOP-US : August 15, 2017 - August 16 at 7:29 AM logoEarnings Review and Free Research Report: Shopify’s Revenue Soared 75%; GMV Soared 74% - August 16 at 7:29 AM logoHow Shopify Inc. Makes Most of Its Money - August 15 at 4:41 PM logoOppenheimer Holdings, Inc. Reiterates "Hold" Rating for Shopify Inc. (SHOP) - August 9 at 6:46 PM logoRoyal Bank Of Canada Reiterates Sector Perform Rating for Shopify Inc. (SHOP) - August 8 at 7:34 PM logoShopify Inc. (NYSE:SHOP) Downgraded to Hold at Zacks Investment Research - August 7 at 1:42 PM logoJim Cramer Weighs In On Shopify, Sirius XM And National Retail Properties - Benzinga - August 4 at 8:11 AM logoShopify, Inc. – Value Analysis (NYSE:SHOP) : August 4, 2017 - August 4 at 8:11 AM logoShopify Inc. (NYSE:SHOP) Expected to Announce Earnings of -$0.19 Per Share - August 3 at 10:18 AM logoShopify Target of Unusually Large Options Trading (SHOP) - August 3 at 7:00 AM logoThis Is the Best-Performing Tech Company With a $1 Billion-Plus Market Cap - August 3 at 2:56 AM logoShopify Inc. Revenue Surges as Merchant Network Surpasses 500000 - Motley Fool - August 2 at 9:55 PM logoShopify shares rally to all-time high as results top estimates - August 2 at 4:25 PM logoToday's Research Reports on Stocks to Watch: Shopify and Pandora - August 2 at 4:25 PM logoShopify (SHOP) Q2 Loss Narrower than Expected, Revenues Beat - August 2 at 4:25 PM logoBarclays PLC Reaffirms Equal Weight Rating for Shopify Inc. (NYSE:SHOP) - August 2 at 3:46 PM logoShopify Inc. (NYSE:SHOP) Earns "Ourperform" Rating from Wedbush - August 2 at 2:02 PM logoShopify Inc. (SHOP) PT Raised to $115.00 at Wedbush - August 2 at 11:42 AM



Shopify (SHOP) Chart for Friday, September, 22, 2017

This page was last updated on 9/22/2017 by Staff