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NYSE:SHOP

Shopify Stock Forecast, Price & News

$1,092.08
-67.69 (-5.84 %)
(As of 01/27/2021 12:00 AM ET)
Add
Compare
Today's Range
$1,081.00
Now: $1,092.08
$1,150.00
50-Day Range
$1,038.19
MA: $1,160.08
$1,277.08
52-Week Range
$305.30
Now: $1,092.08
$1,285.19
Volume1.59 million shs
Average Volume1.08 million shs
Market Capitalization$133.14 billion
P/E Ratio695.60
Dividend YieldN/A
Beta1.6
Shopify Inc., a commerce company, provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, 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, fulfill and ship orders, build customer relationships, source products, 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.
Shopify logo

MarketRank

Overall MarketRank

1.21 out of 5 stars

Computer And Technology Sector

508th out of 1,511 stocks

Prepackaged Software Industry

117th out of 285 stocks

Analyst Opinion: 2.2Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.0 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
CUSIPN/A
Phone613-241-2828
Employees5,000
Year FoundedN/A

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

Market Cap$133.14 billion
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$1,092.08
-67.69 (-5.84 %)
(As of 01/27/2021 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 Coronavirus?

Shopify's stock was trading at $422.31 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SHOP shares have increased by 158.6% and is now trading at $1,092.08.
View which stocks have been most impacted by COVID-19
.

Is Shopify a buy right now?

31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 2 sell ratings, 15 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Shopify stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHOP, but not buy additional shares or sell existing shares.
View analyst ratings for Shopify
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Shopify?

Wall Street analysts have given Shopify a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Shopify wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Tobias Lütke's approval rating as Shopify's CEO?

468 employees have rated Shopify CEO Tobias Lütke on Glassdoor.com. Tobias Lütke has an approval rating of 93% among Shopify's employees. This puts Tobias Lütke in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

When is Shopify's next earnings date?

Shopify is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for Shopify
.

How were Shopify's earnings last quarter?

Shopify Inc. (NYSE:SHOP) issued its quarterly earnings results on Thursday, October, 29th. The software maker reported $1.13 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.08) by $1.21. The software maker earned $767.40 million during the quarter, compared to the consensus estimate of $652.60 million. Shopify had a trailing twelve-month return on equity of 2.35% and a net margin of 7.99%. The company's quarterly revenue was up 96.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.29) earnings per share.
View Shopify's earnings history
.

What price target have analysts set for SHOP?

31 brokers have issued twelve-month 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 $1,057.72 in the next year. This suggests that the stock has a possible downside of 3.1%.
View analysts' price targets for Shopify
or view Wall Street analyst' top-rated stocks.

Are investors shorting Shopify?

Shopify saw a decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,040,000 shares, a decline of 28.8% from the December 15th total of 1,460,000 shares. Based on an average trading volume of 1,530,000 shares, the days-to-cover ratio is presently 0.7 days.
View Shopify's Short Interest
.

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), Square (SQ), The Trade Desk (TTD), PayPal (PYPL), salesforce.com (CRM), The 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 40, Pay $615.92k)
  • Ms. Amy E. Shapero, Chief Financial Officer (Age 58, Pay $538.93k)
  • Mr. Harley Michael Finkelstein, Chief Operating Officer (Age 38, Pay $423.44k)
  • Mr. Craig Stuart Miller, Chief Product Officer (Age 38, Pay $423.44k)
  • Ms. Brittany Forsyth, Chief Talent Officer (Age 34, Pay $307.96k)
  • Mr. Jean-Michel Lemieux, Chief Technology Officer (Age 48)
  • Katie Keita, Sr. Director of Investor Relations
  • Mr. Joseph A. Frasca, Sr. VP, Chief Legal Officer & Sec. (Age 47)
  • Darrell Etherington, PR Mang.
  • Mr. Jeffrey Weiser, Chief Marketing Officer (Age 44)

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 $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 shareholders include Barton Investment Management (0.20%), Addenda Capital Inc. (0.05%), Huntington National Bank (0.04%), KAMES CAPITAL plc (0.04%), Axel Capital Management LLC (0.01%) and Henry James International Management Inc. (0.01%).

Which major investors are selling Shopify stock?

SHOP stock was sold by a variety of institutional investors in the last quarter, including Barton Investment Management, Avantax Advisory Services Inc., Huntington National Bank, Atalanta Sosnoff Capital LLC, Nadler Financial Group Inc., GWM Advisors LLC, Henry James International Management Inc., and Janney Montgomery Scott LLC.

Which major investors are buying Shopify stock?

SHOP stock was bought by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, Kestra Advisory Services LLC, Mechanics Bank Trust Department, Addenda Capital Inc., Cypress Wealth Services LLC, Sowell Financial Services LLC, Capital CS Group LLC, and Applied Research Investments 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 WeBull, 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 $1,092.08.

How big of a company is Shopify?

Shopify has a market capitalization of $133.14 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 1/27/2021 by MarketBeat.com Staff

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