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NYSE:SHOPShopify Stock Price, Forecast & News

$727.77
-7.42 (-1.01 %)
(As of 06/5/2020 04:00 PM ET)
Add
Compare
Today's Range
$702.02
Now: $727.77
$740.86
50-Day Range
$496.06
MA: $696.19
$825.17
52-Week Range
$281.69
Now: $727.77
$844.00
Volume2.47 million shs
Average Volume3.19 million shs
Market Capitalization$85.34 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.53
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.
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Shopify logo

Beat the Market (BTM) Rank

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

1.22 out of 5 stars


Industry, Sector and Symbol

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

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

Employees5,000
Market Cap$85.34 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SHOP shares have increased by 72.3% and is now trading at $727.77. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Shopify?

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.

When is Shopify's next earnings date?

Shopify is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Shopify.

How were Shopify's earnings last quarter?

Shopify Inc (NYSE:SHOP) announced its quarterly earnings results on Wednesday, May, 6th. The software maker reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.70) by $0.89. The software maker had revenue of $470 million for the quarter, compared to analyst estimates of $442.92 million. Shopify had a negative return on equity of 2.56% and a negative net margin of 7.65%. Shopify's revenue for the quarter was up 46.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. View Shopify's earnings history.

What price target have analysts set for SHOP?

29 equities research analysts have issued 1 year price objectives for Shopify's stock. Their forecasts range from $264.00 to $860.00. On average, they anticipate Shopify's share price to reach $629.31 in the next year. This suggests that the stock has a possible downside of 13.5%. View analysts' price targets for Shopify.

Has Shopify been receiving favorable news coverage?

News coverage about SHOP stock has been trending very negative this week, according to InfoTrie. The research firm rates the sentiment of media coverage by monitoring 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 five, with scores nearest to five being the most favorable. Shopify earned a media sentiment score of -3.7 on InfoTrie's scale. They also gave news articles about the software maker a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news aboutShopify.

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), Trade Desk (TTD), Walt Disney (DIS), Tesla (TSLA), Square (SQ), Paypal (PYPL), salesforce.com (CRM) and Micron Technology (MU).

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 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 Baillie Gifford & Co. (5.14%), Morgan Stanley (4.57%), Morgan Stanley (4.48%), Capital World Investors (4.16%), WCM Investment Management LLC (2.81%) and Jennison Associates LLC (2.52%).

Which institutional investors are selling Shopify stock?

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.

Which institutional investors are buying Shopify stock?

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

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 $727.77.

How big of a company is Shopify?

Shopify has a market capitalization of $85.34 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 6/5/2020 by MarketBeat.com Staff

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